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Equinix, Riverwood To Pay $127M For ALOG

Equinix and Riverwood Capital are seeking to acquire about 90% of ALOG Data Centers of Brazil.

Equinix and Riverwood Capital are seeking to acquire about 90% of ALOG Data Centers of Brazil. The global data center services provider and the technology-focused private equity firm will pay a total of about $127 million in cash for the acquisition.

After the completion of transaction, Equinix will hold a controlling interest, while Riverwood will hold a minority stake and about 10% will be held by current members of ALOG’s management team. ALOG’s CEO, Sidney Breyer, will also continue to lead the ALOG team in Brazil with the support of the buyers.

Click here for the release from Equinix.

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