en.Wedoany.com Reported - The General Superintendence of the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica, Cade) has unconditionally approved the acquisition of all shares of Tivit Infraestrutura de Tecnologia (operating under the Takoda brand) by the M. Transportation Infrastructure Investment Fund (M. Transportation Fundo de Investimento em Infraestrutura). The buyer fund is managed by Monte Capital Management.

The decision was published on the 13th in the Official Gazette of the Union (Diário Oficial da União). The transaction was reviewed under a simplified procedure, as the buyer group currently has no operations in the Brazilian data center market.

Takoda's shares are currently held by the APX Brazil Multi-Strategy Equity Investment Fund (APX Brazil Fundo de Investimento em Participações Multiestratégia, Apax FIP), Luiz Roberto Novaes Mattar, and other minority shareholders. Upon completion of the transaction, M. Transportation will exercise sole control over the company. The transaction price, payment terms, current shareholding structure, and other contractual terms are confidential.

Takoda operates four data centers located in São Paulo (two sites), Rio de Janeiro, and Bogotá, Colombia, offering colocation and related information technology infrastructure services. According to data submitted to Cade, the operator's revenue in Brazil in 2025 was R$227.46 million, or R$242.79 million including its overseas operations. Takoda was previously excluded from the sale of Tivit Process Outsourcing, Services, and Technology (Tivit Terceirização de Processos, Serviços e Tecnologia) to Italy's Almaviva, a transaction unconditionally approved by Cade in July 2025. Until the completion of the transaction with the Monte Capital fund, Takoda remains under the control of Apax FIP, managed by Apax Partners, whose managed portfolio totals approximately US$80 billion.

The applicant characterized the acquisition as a private equity financial investment, representing an opportunity for the buyer to "expand and create a data center platform in Latin America" and a capitalization method for the seller. Monte Capital manages two private equity funds established in 2020 with a 25-year term and resources of approximately R$2 billion: M. Transportation itself and the N Saneamento Infrastructure Equity Investment Fund (N Saneamento Fundo de Investimento em Participações em Infraestrutura). In Brazil, the buyer group indirectly holds a minority stake in Invepar, the controlling shareholder of the concessionaire for Guarulhos International Airport (Aeroporto Internacional de Guarulhos), and provides water supply and sewage treatment services in 46 municipalities through Norte Saneamento.

The process outlined Takoda's energy management structure. The company wholly owns Takoda Energy Trading Company (Takoda Comercializadora de Energia), responsible for managing and selling surplus electricity purchased for data center operations. Takoda also holds a confidential stake in Ventos de São Mizael Holding, a company associated with an equivalent self-production of energy project (autoprodução de energia por equiparação), operating wind power generation in Rio Grande do Norte with an approved installed capacity of 63 MW. The applicant stated that this stake allows Takoda to procure energy for its facilities and does not represent direct participation in power generation. Cade considered the commercialization of surplus electricity and the wind power project participation as ancillary activities to the data center business.

In its competitive analysis, Cade referenced the domestic data center services market, noting that this segment had previously been reviewed both as a standalone market and as part of the broader IT services market. As M. Transportation and its economic group have no data center operations in Brazil, the General Superintendence found no horizontal overlap and determined that the buyer's activities in the airport and sanitation sectors have no vertical links with Takoda's data center and network infrastructure services. This acquisition does not require submission to other competition authorities, and according to the company's notification, no approvals from Brazilian or other domestic or foreign regulatory bodies are pending.