TPG pursues $5 billion acquisition of British data centre group Ark, FT reports

Oct 28 (Reuters) Global alternative asset manager TPG is in talks to buy British ​data centre group Ark ‌from Elliott Investment Management at a valuation of about $5 billion, the Financial Times reported on Wednesday, citing ‌people ​familiar with ⁠the matter. Here are ⁠some details: • Discussions are ongoing, although a deal was not guaranteed, the newspaper said • Reuters ​could not verify the report. TPG and Ark ⁠Data Centres did ⁠not immediately respond to ​requests for comment outside business ​hours • Ark has a joint ‌venture with the UK Government’s Cabinet Office, called Crown Hosting Data Centres, which gives ⁠it access to all UK public data centre requirements • Elliott, which had ⁠acquired ‌Ark Data Centres ⁠in 2012, was exploring ​strategic ‌options for the unit ​in a ⁠possible sale that could fetch more than $4 billion, Reuters had reported last year (Reporting by Harishankar Manoj in Bengaluru; Editing by ​Sonia Cheema)