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Deal snapshot: GI PARTNERS ACQUIRES ERICCSON ICT DATA CENTRE.

MANews-(C)2009-2018

California, US-based private investment firm GI Partners has finalised the acquisition of the Quebec, Canada-based Ericsson ICT data centre from Ericsson (NASDAQ: ERIC), the company said. The property is a market-ready turnkey data centre and shell space that will accommodate growth and expansion. GI Partners acquired the property directly from Ericsson, who will lease back a portion of the facility's critical power and space on a short-term basis for development of its cloud-based technologies.

GI Partners said the property is a highly secure data centre that will provide users the opportunity to establish in market immediately with expansion potential under the same roof.

Country: Canada

Sector: Telecommunications

Target: Ericsson ICT data centre

Buyer: GI Partners

Vendor: Ericsson

Deal size in USD:

Type: LBO

Financing:

Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jan 11, 2018
Words:139
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