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MIAMI — The infrastructure investment manager I Squared Capital is expanding its portfolio by acquiring the data center company KIO Networks.
KIO Networks has data centers in Mexico, Panama, Guatemala, the Dominican Republic, and Spain, according to I Squared Capital last month.
KIO’s network will “anchor the development” of I Squared Capital’s digital infrastructure strategy in Mexico and the rest of Latin America.
I Squared Capital believes the data center company’s assets, customer depth and diversification, and experienced management team position it to capture “the rapid growth in demand for data storage.”
KIO Networks has an “established track record” of developing, constructing and operating data centers, said Adil Rahmathulla, managing partner, I Squared Capital.
I Squared Capital has deployed over $3 billion across six digital infrastructure investments, with assets in 41 countries on four continents, according to Rahmathulla.
KIO Networks offers colocation services and has over 20 megawatts of installed operational capacity. The company also offers managed services for cloud computing, cybersecurity, and business applications.
KIO serves a range of clients: hyperscalers; telecommunication companies; technology providers; financial institutions; and governments.
I Squared Capital’s assets under management are also focused on utilities, energy, and transportation in North America, Europe, Latin America, and Asia.
