General Atlantic Takes Stake in Brazilian Data Center

General Atlantic has acquired a minority stake in Aceco TI, a leading Brazilian data center provider, it says. The acquisition will give the US private equity firm 2 seats on the board of the Brazilian company responsible for building more than 500 data centers in Brazil and Latin America as a whole, says a spokeswoman for General Atlantic. The partners decline to discuss additional details of the transaction including the total amount paid and the size of the stake. JPMorgan advised Aceco TI on the deal. The General Atlantic official points out, however, that the firm’s investments range between $50m and $500m with an average investment of $150m. It also tends to invest in growth companies and it usually holds on to the investment anywhere between 5 to 7 years. General Atlantic has other investments in Latin America, including a stake in Brazil’s stock exchange BM&F Bovespa, an investment in Colombian asset manager Sura Asset Management and a participation in Brazilian health plan vendor Qualicorp.