Private equity firm I Squared Capital acquired Elea Data Centers, one of the largest carrier-neutral data center platforms in Brazil.
Elea operates a nationwide network of nine interconnected data center campuses across Brazil including São Paulo, Rio de Janeiro, and Brasília, serving a diversified base of enterprise and hyperscale customers, with over 300MWs of powered land and over 1GW currently in development that will require more than $10 billion of capital to support its delivery.
Brazil is the largest data center market in Latin America and a rapidly emerging global hub for digital infrastructure. I Squared’s investment will support Elea’s planned expansion program and accelerate the development of large-scale, high-density AI infrastructure across the country.
Elea is notable for its use of renewable energy to power its facilities.
I Square Capital has investments in an number of communications companies, including Exa Infrastructure, Ezee Fiber, Tarana and nLighten, as well as several energy and utility companies.
Read the full press release about its Elea deal here.