Majority sale of Teraco to Berkshire Partners

Based in Johannesburg and established in 2008, Teraco is the largest and leading provider of datacentre services in Africa. The company operates five high-quality facilities with 30MW of critical power load serving more than 450 clients, including global internet companies, across five core ecosystems – telecoms, managed service providers, content, enterprise and financial services. With more than 13,500 interconnects, Teraco’s datacentres are the most interconnected facilities in Africa, allowing clients to connect directly to each other, to the onramps of all major cloud providers, as well as to the continent’s largest and fastest growing Internet Exchange Point, NAPAfrica.

Permira, a global investment firm with a total committed capital of over €33bn, will remain a committed shareholder in Teraco. The Permira funds have made over 250 private equity investments in five key sectors and have a long track record of successfully investing in Technology companies around the world. Permira was founded in 1985.

Berkshire Partners, a Boston-based investment firm, has raised nine private equity funds with more than $16bn in aggregate capital and has made over 125 investments in primarily middle market companies since its founding in 1986. The firm is currently investing Berkshire Fund IX, a $5.5bn fund raised in 2016.