UK-based PE firm Actis to acquire 75% stake in Korean data centre JV

UK-based PE firm Actis to acquire 75% stake in Korean data centre JV

Nightlife of Seoul. Photo: Pixabay

UK-based private equity firm Actis is taking a 75-per cent stake in a new joint venture that will build and operate a $315-million internet data centre (IDC) in Greater Seoul, South Korea, according to a statement.