BBVA advises Actis in the acquisition of Nabiax’s Data Centre platform in Latin America and USA

BBVA has acted as sole financial advisor to Actis in the acquisition of the Data Centre platform in Latin America and USA of Nabiax, a company that offers hosting and colocation services in Data Centres that is owned by Asterion Industrial Partners and Telefónica. Nabiax was established in 2019 after Asterion acquired a global platform of Data Centres from Telefónica, transaction that was also advised by BBVA Corporate & Investment Banking.

The platform is located across six countries in Latin America and the US, including Brazil, Chile, Mexico, Peru, Argentina and a small exposure in the US (Florida). First constructed by Telefónica to support both its own operations and its clients, the 11 Data Centres boast a combined IT capacity of more than 20 MW. Telefónica will remain as anchor tenant of the platform under a long-term contract.

This is a landmark deal for Actis as it represents the first investment in Latin America in the Digital Infrastructure space, and it expands their global platform of Data Centres by complementing its already established digital infra presence in Asia and Africa. Nabiax will constitute the base for future growth in Digital Infrastructure for Actis in the region.

With this transaction, BBVA strengthens its position as the M&A advisor leader in TMT and infrastructure transactions, having advised on some of the most relevant transactions in the sector so far. Despite a challenging macroeconomic environment, coupled with highly volatile markets, BBVA Corporate & Investment Banking’s unique M&A cross-border execution capabilities, its regional presence in Latin America and its know-how and understanding of the local markets have been instrumental in enabling the successful completion of this complex transaction.