Piemonte Holding and Goldman Sachs sign agreement for Digital infrastructure development in Brazil

Piemonte Holding has announced that it has signed an agreement with Goldman Sachs Asset Management. The deal will see Goldman Sachs invest in Piemonte Holding’s Brazilian edge data center wing, Elea Digital. The completion of the transaction is subject to regulatory approvals like that of the Brazilian anti-trust authority.

With the investment, Piemonte Holding will be able to increase its data center footprint across Latin America. Elea Digital deals with the development and upgrade of digital infrastructure in different regions across Brazil.

Piemonte Holding's Press Release on October 22, 2021

RIO DE JANEIRO, Oct. 22, 2021 /PRNewswire/ -- Piemonte Holding announces today that it has signed an agreement with the Private Credit business within Goldman Sachs Asset Management to invest equity in Elea Digital, Piemonte Holding's Brazilian edge data centers ecosystem.

The consummation of the transaction remains subject to regulatory and other approvals, including that of the Brazilian antitrust authority (Cade).

The investment in Elea Digital will allow the Brazilian company to boost the standardization of a platform of five scale data centers, spread across five Brazilian metro-areas (Porto Alegre, Curitiba, Brasilia and São Paulo), and to further increase geographical footprint around Latin America.

Elea Digital's primary focus is to support the development of cloud computing and 5G technologies, by upgrading and building a digital infrastructure that sits at the edge and extends the central cloud within various regions of Brazil.