A global emerging market investment firm, Actis, has made a major investment into one of Nigeria’s leading data centre, Rack Centre. The former, which has a growing portfolio of investments across Asia, Africa, and Latin America, made the investment decision after a detailed assessment of the players in the African market.
The head of real estate, Actis, David Morley had alluded to the fact that the private equity firm had been tracking the data centre market in Africa and developing relationships with the key operators and customers.
In a statement, David Morley said, ‘’We have been tracking the data centre market in Africa closely, building relationships with key operators and customers. Africa is at an inflexion point and we expect to see an explosion in growth of demand for hosting capacity in independently owned data centres across the continent.
‘’We are excited about this new partnership with Rack Centre and its parent company, Jagal. Together, they have built a strong business of international repute, hosting a compelling mix of customers ranging from leading Nigerian corporates to global cloud majors.”
The CEO of Jagal, Maher Jarmakani, is excited with its new partnership with Actis just as Rack Centre has developed into a leading and respected African brand and now at a critical stage for investment and growth.
The Managing Director, Rack Centre disclosed that it had been a great honour to lead the growth of the firm to become one of the most respected carrier-neutral data centre brands in West Africa.
Actis is a global emerging markets investment firm focused on the private equity, energy, infrastructure and real estate asset classes. It has a growing portfolio of over $12 billion investments under its management across Africa, Asia and Latin America. It is the largest private equity investment firm in Africa having committed $4.5 billion in the continent over the last 15 years.
Rack Centre is the state of the art Tier III constructed facility certified data centre, which offers carrier-neutral colocation services. It is the most connected in Africa with connection to over 27 of the major carriers and internet service providers. It has consistently set the quality bar in the industry in Africa since commencing operations in Lagos in 2012.