Chayora secures $180m series C funding from Actis
Summary
In March 2016, the Actis team made the original series B investment when it was part of Standard Chartered Principal Finance Real Estate, a result of that AAREF became a majority holding in Chayora. “We are very excited to extend our partnership with Chayora and to support its next phase of expansion and growth with this Series C round of funding,” said Brian Chinappi, partner and head of Asia Real Estate of Actis. Combined with project debt of $250 million, it will enable Chayora to complete two hyperscale data centre facilities on the Chayora’s Tianjin campus and acquire land for further growth. Under the terms of the agreement, all land and property interests previously held under separate ownership structures will be integrated and become 100% owned by Chayora, thanks in part to AAREF holding majority of Chayora’s ordinary shares. “The close working relationship we have developed with the Actis team is valued and we are very pleased to have concluded agreement for the significant commitment being made to Chayora in this funding round.