Investment Summary

Cartesian Capital Group and Digital Realty Invest In redIT

On August 21, 2013, private equity firm Cartesian Capital Group and Digital Realty invested in information technology company redIT

Investment Highlights
  • This is Cartesian Capital Group’s 1st and Digital Realty’s 1st transaction in the Information Technology sector.
  • This is Cartesian Capital Group’s 1st and Digital Realty’s 1st transaction in Mexico.

Investment Summary

Date 2013-08-21
Target redIT
Sector Information Technology
Investor(s) Cartesian Capital Group
Digital Realty
Deal Type Stake Purchase

Target

redIT

Polanco, Mexico
redIT supports the global IT community with managed IT services, high-capacity connectivity, and data centers in the southwestern U.S. redIT enables its clients to focus resources on what drives their competitive advantage not the distractions of owning and managing IT. redIT is based in Polanco, Mexico.

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Investor(S) 2

Investor

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 13 of 23
Sector: Information Technology M&A 1 of 1
Type: Stake Purchase M&A Deals 5 of 6
Country: Mexico M&A 1 of 2
Year: 2013 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Waypoint Leasing

Limerick, Ireland

Waypoint Leasing Ltd. is a global helicopter leasing company focused on providing financing solutions to helicopter operators worldwide. Waypoint Leasing was formed in 2013 and is based in Limerick, Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-24 Public Mobile

Toronto, Ontario, Canada

Public Mobile, Inc. is a provider of unlimited talk, text and data services to value conscious customers in Ontario and Quebec.

Sell -
Investor

Digital Realty

Austin, Texas, United States

Category Company
Sector Information Technology
Employees3,936
Revenue 5.6B USD (2024)
DESCRIPTION

Digital Realty is a provider of data center and colocation solutions. PlatformDIGITAL®, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty Trust is based in Austin, Texas.


DEAL STATS #
Overall 1 of 7
Sector: Information Technology M&A 1 of 5
Type: Stake Purchase M&A Deals 1 of 2
Country: Mexico M&A 1 of 1
Year: 2013 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-14 The Telx Group

New York City, New York, United States

The Telx Group, Inc. is a data center solution provider fueling infrastructure, interconnection and business progress.

Buy $1.9B