UK-based Amber Infrastructure is looking for a capital partner for its Australian data center business, iseek, reports the Australian Financial Review.
The search for a new capital partner is reportedly still in the early stages, with the process not likely to officially launch for a few months.
Sydney-based financial advisory firm Grant Samuel is expected to oversee the process, having previously assisted with the deal when Amber Infrastructure bought a majority share in the company in 2021.
Aussie operator iseek has data centers in Brisbane, Northern Queensland, Sydney, and Adelaide.
iseek was founded in 1998, and by the time of the majority share acquisition was valued at around $150m. Since then, the company has acquired Australian data center operator YourDC, including its data centers in Adelaide, in 2022. YourDC's founder Scott Hicks now leads the combined businesses, having taken over as CEO in February 2024.
Under Hicks' control, the company is aiming to further expand its data center portfolio. AFR reports that the company is currently expanding its Brisbane facility.
Amber Infrastructure Group specializes in international infrastructure investments, such as digital infrastructure including fiber and data centers.
Amber also has a majority interest in Greenergy Data Centers, which has a data center in Estonia and plans to develop more locations across the Three Seas region.
