Pacific Equity Nearing Deal for Spark’s Data Centers, AFR Says

Pacific Equity Partners, a private equity firm, is in advanced negotiations to acquire a majority stake in Spark New Zealand Ltd.'s data center business. The proposed deal is said to value the data center assets at over NZ$600 million (approximately $357 million). According to the Australian Financial Review, the transaction would allow Spark, a leading telecommunications provider in New Zealand, to focus on its core business operations while monetizing its data center assets. The deal is still in the advanced stages of discussion, and the details are yet to be finalized. The potential acquisition by Pacific Equity Partners underscores the growing importance and demand for data center services, as businesses and organizations increasingly rely on digital infrastructure to support their operations. The investment would provide Spark with additional resources to further develop its telecommunications services and explore new growth opportunities.