A consortium of private equity firms to invest $320m in TierPoint.

Consortum is set to invest $320m in TierPoint, a provider of data center and cloud solutions at the edge of the internet. The preferred equity investment is led by a consortium of new investors: Argo Infrastructure Partners, Wafra, and Macquarie Capital Principal Finance. Existing investors – including Cequel III, Ontario Teachers' Pension Plan, RedBird Capital Partners, The Stephens Group, and Thompson Street Capital Partners – will also participate. "Jerry Kent and the TierPoint senior management team have proven themselves as leaders in the digital infrastructure sector, and we are excited to partner with the TierPoint team to help fund the company's next phase of growth. TierPoint is well positioned for robust growth that will allow the company to expand its market leading position and capitalize on the tailwinds supporting the data center industry," Fawaz Al-Mubaraki, Wafra Chief Executive Officer.