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Transaction adds to other digital investments including Greenergy, a recently acquired data centre platform in Central and Eastern Europe.
Founder and Editor, The Tech Capital
June 22, 2021 | 10:30 AM BST
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.”
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