Blackstone Makes Investment in Ascenty, LLC

Press Release

 | June 8, 2017

Choate recently represented Ascenty, LLC, a portfolio company of client Great Hill Partners, in raising a growth equity round from Blackstone and selected family offices. The proceeds will be used to fund Ascenty’s expansion in Brazil and other Latin American countries.

Ascenty, founded in 2011, is one of the largest owners and operators of data centers in South America. It provides large scale, high density data center infrastructure to the leading global technology firms. In addition, the company has a proprietary 4,000 km fiber network that interconnects its data centers with the major telecom operators, data centers and peering points in Brazil.

The Choate team was led by private equity partner Steve Meredith with support from partner Lou Marett (tax) and counsel Dan Riley (private equity) and Wells Miller (labor and employment).

 

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