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Jefferies Group handling $3.6bn data centre portfolio sale in Israel

The transaction comes hot on the heels of similar deals by Azrieli Group (TASE: AZRG) and the Papouchado family's Serverfarm, both of which sold stakes in their data centres companies for a handsome profit.

By João Marques Lima

Founder and Editor, The Tech Capital

2 Mins

June 29, 2023 | 11:56 AM BST

Jefferies Group handling $3.6bn data centre portfolio sale in Israel

Installation of F.K. Electra Ltd. power generators for SDS Shonfeld Data Services Center in Modiin. Source: F.K. Electra Ltd.

The Tech Capital

Investment bank Jefferies Group has been hired by Shonfeld Engineering to handle negotiations for the sale of 20-30% of data centres company Shonfeld Data Services (SDS) at a company valuation of US$3.6 billion.

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João Marques Lima

Founder and Editor, The Tech Capital

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