AIIM and Onix completed the acquisition of a majority stake in Ngoya Etix.

AIIM, an infrastructure-focused private equity fund managers, and Onix, an international data centre business, completed the acquisition of a majority stake in Ngoya Etix Data Centers from Vantage Data Centers. Financial terms were not disclosed. "The acquisition marks AIIF3’s second investment in the digital infrastructure sphere during the last four months. Whilst we have seen considerable interest in the African data centre sector, the evolution of in-country capacity in many markets outside of South Africa, remains nascent and inadequate to meet rising data demands, migration of enterprises to the cloud, and the need for content closer to end consumers. Data centres underpin and enable the digital economy and present strong growth prospects for long-term investors such as AIIM. We look forward to partnering with our in-country partner, Sam Ankrah of Africa Investment Group Properties Ltd and the management team, who will assist with the establishment of the Onix Data Centre platform and help establish Onix Accra 1 as a market leader in Ghana," Ed Stumpf, AIIM Investment Director.