Australia’s Macquarie Asset Management has wrapped a deal to buy a 40 per cent stake in data centre operator Virtus. The investment, while not specified, is described as “significant”. The transaction, via Macquarie European Infrastructure Fund 7, will see Macquarie Asset Management take a 40 per cent stake to become a significant minority shareholder in Virtus.

Virtus Data Centres, part of the ST Telemedia group, is one of Asia’s largest data centre operators with over 170 centres in nine countries including the UK (it has 11 sites in the UK), Singapore, India, China, Thailand, South Korea, Japan and the Philippines.

“This is an exciting milestone for STT GDC. Macquarie Asset Management’s investment is a testament to the strength and scalability of our data centre business,” Bruno Lopez, president and CEO of ST Telemedia Global Data Centres.

“This substantial capital injection coupled with both partners’ unique expertise will help us accelerate our expansion into the European Economic Area to capture the enormous opportunities ahead and cement our leadership in the industry,” the company added.

The investment will allow STT GDC to scale up its operations in the European Economic Area (EEA) with new data centre campuses planned in European countries including Germany, Italy and Spain.

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Tags: australia, Macquarie Asset Management