Brazilian data center firm Odata is reportedly close to being sold.

Estado reports that Brazilian private equity firm Patria Investments should soon announce the sale of its data center unit, valued at around R$10 billion (US$1.8bn).

Founded in 2015 and based in Sao Paulo, Brazil, the company offers colocation services from three data centers in Brazil and one each in Colombia and Mexico.

The company has started construction on a facility in Chile, is developing a new building in Rio de Janeiro, and is expanding its campus in Sao Paulo.

At the launch of its first Mexican facility earlier this year, the company said it will begin construction of a second 30MW data center in Querétaro in the future, and is also targeting Peru as its next market, though it didn’t disclose timelines.

Odata is majority-owned by Patria via its Fundo Pátria Infraestrutura IV, while CyrusOne has a stake in the company. Reports that Patria was considering a sale of the company surfaced in April of this year, with CyrusOne rumored at the time to be the frontrunner to acquire the company.

Estado reports that DigitalBridge’s Scala looked at buying Odata, but ‘did not accept the price‘ of the company.

The IV fund has already invested and sold stakes in Voguel Telecom and Highline do Brasil (the latter sold to DigitalBridge) and currently has Winity in its portfolio.

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