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.
Founder and Editor, The Tech Capital
2 Mins
June 29, 2023 | 11:56 AM BST
Installation of F.K. Electra Ltd. power generators for SDS Shonfeld Data Services Center in Modiin. Source: F.K. Electra Ltd.
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.
Founder and Editor, The Tech Capital
3 Mins|May 07, 2024
6 Mins|May 07, 2024
4 Mins|May 07, 2024
Brookfield, Canadian pension fund partner for $5.5bn Compass Datacenters takeover
Brookfield Infrastructure Partners L.P. and its institutional partners (Brookfield Infrastructure) ...
EdgeConneX reinforces ME presence with new Israel data centre
EQT-backed hyperscale data centre operator EdgeConneX has enlarged its data centre footprint in Isr...
EQT latest tech fund topples hard cap at $2.2bn
EQT has held the final closing of EQT Growth above its €2 billion (~US$2 billion) target, raising...
Cassava Technologies delists Israel’s tech house Telrad as all stock buyout completes
African digital infrastructure and services provider Liquid Intelligent Technologies, a business of...
Berkshire Partners invest $215m in Middle Eastern underground data centres
Private investment firm Berkshire Partners has carried out an investment to buy 49% of Israeli data...
Digital Realty announces Middle East market debut
US real estate investment trust (REIT) Digital Realty (NYSE: DLR) has unveiled plans to expand into...
