Pacific Equity Nears $357M Deal for Spark NZ’s Data Center Business
Pacific Equity Partners is in advanced negotiations to acquire a majority stake in Spark New Zealand’s data centers, according to the Australian Financial Review. The deal would value the assets at over NZ$600 million ($357 million). Spark has been divesting infrastructure to focus on higher-margin digital services, while Pacific Equity aims to capitalize on growing data demands.
The move highlights increasing private equity interest in digital infrastructure amid rising cloud and AI workloads.
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