Odata Brasil
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete:02 · 05
01 / WHAT IT BUILT
What the company did
Odata Brasil (ODATA) was a Brazilian data center service provider offering scalable, reliable, and flexible IT infrastructure in Latin America, focused on serving hyperscale cloud companies. Founded in 2015 and led by CEO Ricardo Alario, it was majority owned by Patria Investments' Infrastructure Fund III (90%), with CyrusOne holding a 10% strategic stake (a $12 million investment in 2018). With operational facilities across Brazil, Colombia, Mexico, and Chile and additional data centers under development, it became one of the fastest-growing hyperscale data center platforms in Latin America, with a footprint of about 2 GW across 30 sites at full buildout and a renewable-energy strategy targeting 100% green energy. On December 13, 2022, Aligned Data Centers — majority owned by funds managed by Macquarie Asset Management — announced a definitive agreement to acquire ODATA from Patria Investments and other selling stakeholders (reported at about $1.8 billion including debt), with a structured minority investment from SDC Capital Partners, marking Aligned's entry into Latin America.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
ODATA was founded in Brazil as a hyperscale-focused data center provider, majority owned by Patria Investments' Infrastructure Fund III.
- CyrusOne investment
CyrusOne invested $12 million for a 10% stake in ODATA Brasil and ODATA Colombia, entering a commercial agreement for leasing to CyrusOne customers.
- Acquired by Aligned
On December 13, 2022, Aligned Data Centers announced a definitive agreement to acquire ODATA from Patria Investments (reported at ~$1.8 billion including debt), marking Aligned's international expansion into Latin America.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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