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DH Capital Advises Patria Investments on Sale of ODATA to Aligned Data Centers

June 27, 2023, 07:14 AM
Filed Under: Technology

DH Capital, a division of Citizens, served as financial advisor to Patria Investments on the sale of ODATA to Aligned Data Centers.

Founded in 2015 and based in São Paulo, Brazil, ODATA, now known as ODATA – An Aligned Data Centers Company, is among the fastest-growing hyperscale data center platforms in Latin America. ODATA has facilities located across Brazil, Chile, Colombia and Mexico, as well as additional data centers currently under development across Latin America.

Aligned Data Centers is a leading technology infrastructure company offering innovative, sustainable and adaptive scale data centers and build-to-scale solutions for global hyperscale and enterprise customers. This transaction marks the company’s expansion into Latin America and will position it as one of the largest private data center operators in the Americas with a footprint spanning approximately 2.5 GW across 40 sites at full buildout.

In connection with the acquisition, Aligned, which is majority owned by funds managed by Macquarie Asset Management, entered into a definitive agreement to receive a structured minority investment in ODATA from funds managed by SDC Capital Partners, an operationally focused digital infrastructure investment firm with extensive experience developing, owning and operating hyperscale data centers globally, including in Latin America.

Ricardo Alário, CEO at ODATA, said: “The DH Capital team was instrumental in this transaction. Their thoughtful approach, industry expertise and market knowledge delivered an extremely well-run process. The team was professional, organized and worked meticulously from start to finish in support of ODATA and its investors.”

DH Capital Managing Director Adam Lewis said: “Patria and the management team at ODATA built a fantastic business that will continue to grow exponentially under the Aligned leadership team. This is a highly strategic acquisition by Aligned as data center demand continues to grow in Latin America. We are excited to follow Aligned’s continued growth and success.”

DH Capital is the digital infrastructure advisory division of Citizens M&A Advisory, which specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has more than 100 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group.

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