Teraco Data Environments announced on Thursday that Berkshire Partners LLC has entered into a definitive agreement to acquire a majority stake in the company. The transaction is subject to regulatory approval and the customary closing conditions, and is expected to close in the first quarter of 2019. The Permira funds, an existing shareholder, will remain a significant investor. According to Bloomsberg, Berkshire Partners becomes the biggest shareholder in Teraco Data Environments. Teraco is the leading provider of carrier neutral colocation datacentres in Africa, hosting NAPAfrica and connecting with various subsea cables.