Pacific Equity Nearing Deal for Spark’s Data Centers, AFR Says

Pacific Equity Partners is in advanced talks to acquire a majority stake in Spark New Zealand Ltd.’s data center business in a deal that would value the assets at more than NZ$600 million ($357 million), the Australian Financial Review reported.

The private equity firm is expected to add a stake of between 50% to 70% of Spark’s data center business, according to the newspaper, which didn’t cite a source for the information.