Asterion Industrial Partners, an independent investment management firm focusing on infrastructure investments in Europe, announced today that it has signed a definitive agreement to acquire a portfolio of data centres from Telefónica. The portfolio consists of 29MW of power through 11 state-of-the-art & highly connected data centres, in Spain, USA, Brazil, Mexico, Chile, Peru and Argentina. The data centres mostly have a Tier III or IV certification, representing the highest quality in the reliability benchmark for a data centre's server hosting ability. The carve-out, which values the transaction at €550 million, represents a highly attractive investment in an independent telecoms’ infrastructure platform with a global reach. After recent investments in Proxiserve and the creation of the pan-European Asterion Renewables Platform, the transaction is the third investment for the Asterion Industrial Infra Fund I, offering very solid downside protection through the long-term contract with the anchor tenant, as well as providing several levers for value creation.