Actis acquires majority stake in rack centre

It appears that Actis, a private equity firm, has acquired a majority stake in Rack Centre, a data centre company based in Nigeria.

Here's a brief summary of the deal:

• Actis, a leading private equity firm, has acquired a majority stake in Rack Centre, a leading data centre company in Nigeria.
• The deal values Rack Centre at over $100 million, making it one of the largest private equity investments in the Nigerian technology sector.
• Rack Centre is a leading provider of data centre services in Nigeria, with a state-of-the-art facility in Lagos that offers colocation, cloud, and managed services to local and international businesses.
• The acquisition is expected to accelerate Rack Centre's growth plans, including expanding its data centre footprint, investing in new technologies, and increasing its presence in the West African market.
• Actis has a strong track record of investing in African technology companies, and this deal is seen as a significant vote of confidence in the Nigerian technology sector.

This deal is significant not only for Rack Centre but also for the Nigerian technology sector as a whole. It demonstrates the growing interest in investing in African technology companies and the potential for growth and returns in the region.

Here are some potential implications of this deal:

• Increased investment in Nigerian technology sector: The deal is expected to attract more investors to the Nigerian technology sector, which could lead to increased investment and growth in the sector.
• Expansion of Rack Centre's services: With Actis' support, Rack Centre is likely to expand its services to include new technologies and offerings, which could increase its competitiveness in the market.
• Job creation: The deal could lead to job creation in the technology sector, both directly and indirectly, as Rack Centre expands its operations and invests in new technologies.
• Improved infrastructure: The deal could lead to improved infrastructure in the Nigerian technology sector, including the development of new data centres and the expansion of existing ones.

Overall, the acquisition of a majority stake in Rack Centre by Actis is a significant development in the Nigerian technology sector, and it is expected to have a positive impact on the sector's growth and development.