Permira Buys Africa's Teraco Data for Undisclosed Price

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Permira Advisers LLP, one of Europe’s largest buyout firms, agreed to buy a controlling stake in Teraco Data Environments for an undisclosed price.

Teraco, based in South Africa, is the largest provider of data center services in sub-Saharan Africa, Permira said in a statement today, without giving details of the transaction.