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Infratil and L&G Capital increase investment in Kao Data

Image: Adobe Stock / Who is Danny

Infratil and Legal & General Capital have increased their equity stakes in Kao Data to support the company’s expansion in the UK.

Infratil will now hold a majority stake of 53%, Legal & General Capital will hold 32%, while Kao’s founding investors Goldacre NOÉ Group will hold 15%.

The new shareholdings are intended to provide additional funding for Kao Data’s further growth and streamlined ownership of operations.

“Technologies such as GPU-powered Generative AI and high-performance computing are driving transformative change across the sector, and it’s vital we continue to build-out the Kao Data platform to the highest standards of performance, energy efficiency and sustainability, while retaining our position as one of the world’s leading data centre providers for advanced computing,” said Spencer Lamb, Chief Commercial Officer, Kao Data.

Infratil Ltd and Legal & General Capital have invested in Kao Data since 2021, growing the company from a single site data centre developer/operator to a multi-site platform.

“Increasing our shareholding in Kao Data is in line with our strategy of investing in ‘ideas that matter’ and continues our active support to scale the platform through contributing our extensive data centre experience,” said Vincent Gerritsen, Head of UK & Europe for Morrison & Co, Infratil’s Manager.

“With the expanding presence of artificial intelligence and its transformative impact on key technological and digital thematics at a global scale, increasing Infratil’s Kao Data stake demonstrates our confidence in the sector’s prospects.”

Matteo Colombo, Managing Director of Strategic Private Capital Investments at Legal & General Capital, added, “Society’s digital infrastructure needs will only continue to increase, and meeting these needs will unlock productivity, innovation, and economic growth locally and internationally. Legal & General are enthusiastic to support this as an active shareholder of Kao Data on its continuing exciting growth journey, having successfully grown from a single site since investment to now four sites.”

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