PROJECT

Projects

Summary of Investment Information

Project Number

45608

Company Name

SIXSIGMA NETWORKS MEXICO SA DE CV

Date SPI Disclosed

Dec 2, 2021

Country

Mexico

Region

Latin America and the Caribbean

Projected Board Date

Dec 16, 2021

Environmental Category

B - Limited

Status

Active

Last Updated Date

May 5, 2024

Department

Regional Industry INF LAC & EUR

Industry

Telecommunications and Technology

Previous Events

Approved : Dec 16, 2021
Signed : Jan 4, 2022
Invested : Jan 7, 2022

Sector

Internet Access Providers (Including ISPs, Datacenters)

Project Description

 

 The proposed investment consists of a US$30 million equity commitment, to be invested in Sixsigma Networks Mexico S.A. de C.V., commercially known as Kio Networks, and related follow-on investments for growth (“KIO”, or the “Company”). Certain private investment funds (the “Funds”) sponsored by I Squared Capital Advisors (US) LLC or its affiliates (“ISQ” or “Sponsor”) are acquiring KIO (the “Project”). IFC’s investment will be alongside the Funds (the “Project”).

KIO is the largest carrier neutral multi-tenant datacenter operator and one of the leading IT Infrastructure services companies in Mexico. Founded in 2002, KIO offers a comprehensive set of data center and IT infrastructure services and solutions with 11 core data centers and 11 EDGE data centers with an installed capacity of over 20MW in Mexcio, Panama, Guatemala, the Dominican Republic, and Spain (the “target countries”).                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation