Pacific Equity Partners is nearing a deal to acquire a majority stake in Spark New Zealand’s data center division, according to reports from the Australian Financial Review. The private equity firm is currently in advanced negotiations, signaling strong interest in expanding its footprint in the digital infrastructure sector.
Spark New Zealand, one of the country’s leading telecommunications providers, has been exploring strategic options for its data center operations amid rising demand for cloud services and digital data storage. A deal with Pacific Equity Partners could provide the necessary capital and expertise to boost the division’s growth and operational capabilities.
While terms of the potential agreement have not been publicly disclosed, the move highlights the increasing value placed on data infrastructure assets in Australasia. The acquisition would mark a significant step for Pacific Equity Partners’ technology portfolio, positioning it to capitalize on the growing need for robust data centers in the region.
The transaction is still under negotiation, and both parties are expected to make further announcements once the deal reaches completion. Industry observers see this development as part of a broader trend of private equity firms investing heavily in digital infrastructure to meet escalating enterprise and consumer data demands.