(Wall Street Journal) U.S. private-equity firm KKR announced its first direct investment in Brazil, buying a controlling stake in data-center firm Aceco TI.

KKR said it is buying Aceco TI from private-equity firm General Atlantic LLC and other shareholders. Aceco’s chief executive officer, Jorge Nitzan, will hold a “significant minority stake” and will continue to run the business as CEO, KKR said.

“This is an important milestone that underscores our long-term commitment to partnering with companies in Brazil and throughout the Latin American region,” said Alex Navab, co-head of KKR’s private-equity business in the Americas.

KKR said it is making the investment through its 11th North American private-equity investment fund. Additional financial details weren’t disclosed.

Over the last 40 years, Aceco has built more than 750 data centers in Brazil and Latin America. Its headquarters are in Sao Paulo, with branches in Brasilia, Rio de Janeiro and operations in Argentina, Chile, Colombia, Costa Rica, Mexico and Peru.