Trending
Latest

Amber Infrastructure makes first Oceania data centre acquisition

Transaction adds to other digital investments including Greenergy, a recently acquired data centre platform in Central and Eastern Europe.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

June 22, 2021 | 10:30 AM BST

Amber Infrastructure makes first Oceania data centre acquisition

iseek's data centre in Brisbane is one of the facilities included in the deal. Source: KP Architects

The Tech Capital

Investment manager firm Amber Infrastructure Group has acquired a majority stake in Australia’s data centre platform, iseek Pty Ltd.

The acquisition marks Amber’s first digital infrastructure investment in the country.

iSeek is a digital infrastructure operator with five purpose-built data centers across Brisbane, Northern Queensland and Sydney.

Established in 2000, iseek also provides cloud and connectivity services to a diverse range of enterprise and government customers.

iseek’s existing management team, led by CEO and shareholder-founder Jason Gomersall, will continue to work with Amber to take the platform on the next stage of its growth, the investment vehicle said in a statement.

Amber’s Australian team currently manage 10 investments in over A$7 billion of assets, including the Royal Children’s Hospital, Orange Hospital, Gold Coast Light Rail, and a portfolio of schools in NSW and Victoria.

iseek adds to the digital investments Amber already manages globally, including Greenergy – a recently acquired data centre platform in Central and Eastern Europe and in the UK, as manager to the National Digital Infrastructure Fund.

Amber’s head of Asia-Pacific, Vaughan Wallace, said: “This transaction is a significant milestone for Amber and is testament to the strength of Amber’s origination capability and expertise.

“iseek presents an excellent investment opportunity to support a high-quality, local platform to grow its digital infrastructure service offering in markets underpinned by strong demand dynamics, which have been further amplified by the COVID-19 pandemic.

“Amber has a broad investment focus internationally across super core, core, core-plus and value-add infrastructure. Active locally since 2006, Amber’s Australian team is now increasingly focussed across Asia Pacific on mid-market core and core-plus infrastructure, including critical digital infrastructure, in line with Amber’s global strategy and expertise.”

CEO of iseek, Jason Gomersall, added: “I am delighted by Amber’s investment in iseek and regard it as a significant endorsement of the robust, high-growth platform that we have built over many years.

“The depth of Amber’s local and global expertise in digital infrastructure and track record as a long-term manager and developer of key infrastructure assets means they are an ideal partner for iseek as we pursue our next phase of growth.”

Daily

Daily Brief

A morning briefing on what you need to know in the day ahead, including exclusive commentary from Tech Capital's writers

Login or Register to comment on this article

Listen to this article
Share this article
Keywords
More From

João Marques Lima

Founder and Editor, The Tech Capital

Related Articles