South Africa

Counsel to one of Africa’s leading providers of vendor neutral data centre services Teraco Data Environments, and to all of its shareholders, including the International Finance Corporation, Treacle Private Equity and management, in relation to the sale of Teraco to Pemira, an international private equity firm, for significant confidential consideration. This transaction was Permira Fund’s first investment in Africa. Co-founded in 2008 by Tim Parsonson and Lex van Wyk, Teraco is a dominant player in Africa’s data centre evolution. After a significant period of growth spanning 8 years, the start-up has grown into a significant nationwide business. It has three mature data centres across all major metropolitan areas, and has a proven strategy in the industry. Teraco, now the leading provider of reliable and resilient infrastructure across sub-Saharan Africa, will leverage off Permira funds’ experience in investing in technology markets globally.