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I Squared Capital tops $3bn in digital infrastructure commitments by acquiring Mexico’s largest data centre operator

Transaction set to anchor the development of the I Squared Capital digital infrastructure strategy in the country and the rest of Latin America.

By João Marques Lima

Co-founder and Editor, The Tech Capital

3 Mins

August 03, 2021 | 12:00 AM BST

I Squared Capital has acquired KIO Networks, a Mexican digital infrastructure service provider owner of one of the nation’s biggest data centre portfolios.

The deal was done through I Square Capital’s ISQ Global Infrastructure Fund III and ISQ Growth Markets Infrastructure Fund.

KIO Networks’ footprint in Mexico extends to the either Central America and the Caribbean regions through a network of 11 core data centre campuses and 11 edge facilities, with over 20 megawatts of installed operational capacity and expansion potential.

Adil Rahmathulla, Managing Partner at I Squared Capital, said: “Mexico is a core component of our Latin American strategy and this investment in KIO Networks continues our commitments to digital infrastructure, where we have committed over $3 billion across six investments around the world.

“Our global digital infrastructure portfolio connects millions of people across four continents through a diverse set of assets including data centres, fibre networks, and cellular sites.”

KIO Networks is a specialized digital infrastructure company providing infrastructure-related services through a robust and extensive platform of data centres. The company also offers managed services for Cloud, cybersecurity, and business applications.

I Squared Capital is an independent global infrastructure investment manager focusing on utilities, digital infrastructure, energy, transport and social infrastructure in North America, Europe, Latin America, and Asia. Headquartered in Miami, the firm also has offices in Hong Kong, London, New Delhi, and Singapore.

Just last month, the investment firm, also through its ISQ Global Infrastructure Fund III, formed Ezee Fiber, a new digital infrastructure platform to invest in fibre networks in growing and underserved US markets.

As the inaugural investment for the platform, Ezee Fiber acquired ICTX WaveMedia, a 2,000-kilometer carrier-grade, all-fibre connectivity provider servicing homes, businesses, government agencies, educational institutions, and carriers in the Houston metropolitan area.

Also last month, the company’s backed pan-Asian data centre operator Big Data Exchange (BDx) brought online the first of two data centres that will form its hosting campus in Nanjing, China. The first facility, dubbed NKG1, has now received the certificate of completion from the Urban and Rural Construction Bureau of Jiangning District, Nanjing City.  It spans across 134,500 sq ft and includes an initial 4 MW of critical power with a PUE of 1.53.

The second data centre, NKG2, is due to be opened before the end of the year and will offer 20 MW to power 277,000 sqf of gross floor area. Once at full build, the campus located along the Yangtze River Delta and its two buildings will provide 35 MW, according to the operator.

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João Marques Lima

Co-founder and Editor, The Tech Capital

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