Philippi Prietocarrizosa Ferrero DU & Uría offices in Chile, Colombia and Peru have helped the investment arm of Peruvian conglomerate Grupo Romero, acquire a 49% stake in the data centre subsidiary of Chilean technology and telecoms group GTD for US$118 million.
Garrigues (Chile) advised GTD in the transaction, which was signed on 9 October.
The purchase of shares GTData hands Romero’s subsidiary InfraCorp interest in the target company’s 11 data centres across Chile, Colombia and Peru.
Now joint owners of the data centre business, GTD and Romero’s investment arm aim expand the company in the countries where it currently operate and explore new markets.
The deal follows heightened activity in Latin America’s data centre sector, where a consortium including BlackRock, Global Infrastructure Partners and Microsoft acquired Aligned Data Centers from Australian asset manager Macquarie in a ground-breaking US$40 billion deal that called on a slew of Latin American firms earlier this month.
