ABRY Partners has announced its plan to increase its stake in Datapipe to take majority shares, according to people close to the matter.
According to Thomson Reuters Loan Pricing Corp., Datapipe, which is based in Jersey City, New Jersey, positions in the market with $327 million in loans to be used for refinancing its debts, encouraging ABRY to raise its company stake.
In May 2011, ABRY made its first investment in Datapipe, which provides data centers and cloud services, and operates in the U.S. and internationally with nine data centers, says Moody's Investors Service.
Currently, ABRY has been making investments out of its private equity fund that drew $1.6 billion in 2011.
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