General Atlantic invests in Aceco TI

Tuesday, March 27, 2012

Global growth equity firm General Atlantic bought a minority stake in São Paulo-based Aceco TI, the companies said in a joint statement without revealing the amount invested.

Aceco TI focuses on designing and maintaining data centers, and this partnership will provide the company capital and strategic advice to accelerate its growth and expansion in Brazil and the rest of Latin America.

The company's expansion looks to tap the growing demand for IT, cloud computing and internet infrastructure.

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Including Aceco TI, General Atlantic has made a total of seven investments in Latin America since 2007 - MercadoLibre, BM&FBovespa, Qualicorp, Peixe Urbano, Linx and Sura Asset Management.

Aceco TI has built more than 500 data centers in Brazil and Latin America and currently has 50 data centers under construction. In the past 10 years, Aceco TI has grown 25-fold, and it achieved more than 500mn reais (US$275mn) in new sales bookings in 2011.

The company also has presence in Argentina, Chile, Colombia and Peru, and representatives in Panama, Costa Rica, Paraguay and Venezuela.