NEW YORK, December 13, 2022 – Proskauer, a leading international law firm, announced today that it advised Patria Investments in its definitive agreement to sell its portfolio company ODATA, a data center service provider offering scalable, reliable and flexible IT infrastructure in Latin America, to Aligned Data Centers. The transaction is expected to close in early 2023. In connection with the transaction, Aligned, which is majority owned by funds managed by Macquarie Asset Management, has also entered into a definitive agreement to receive a minority investment in ODATA from funds managed by SDC Capital Partners.
ODATA was created by Patria Investments in 2015 and is among the fastest-growing hyperscale data center platforms in Latin America. The company has operational facilities strategically located across Brazil, Colombia, Mexico and Chile as well as additional data centers under development in jurisdictions across the region. This transaction marks Aligned's expansion into Latin America and is expected to position it as one of the largest private data center operators in the Americas.
Patria is one of the most significant emerging markets-based private markets investment managers, with combined assets under management in excess of $26.5 billion. With a focus on Latin America and more than 30 years of history, Patria aims to provide consistent returns in attractive long-term investment opportunities through its Private Equity, Infrastructure, Credit, Public Equities and Real Estate products.
The Proskauer team was led by partners Daniel Ganitsky and Kunal Dogra (M&A). The team also included associate Lauren Kim (M&A); partner Martin Hamilton (Tax); and partners Andrew Bettwy and Philip Kaminski (Finance).