Investor CVC Acquires Firstcolo, Backs €250M Frankfurt Expansion


Investor CVC Acquires Firstcolo, Backs €250M Frankfurt Expansion

firstcolo.net logo📅 - CVC Capital Partners has agreed to acquire a significant majority stake in German data center operator firstcolo, giving the infrastructure investor control of a nearly full Frankfurt colocation business and a 24 MW expansion project. The transaction puts fresh private capital behind scarce powered capacity as AI workloads intensify competition for electricity, cooling and construction across Germany.

The investment, being made through CVC DIF Value Add IV, is expected to close by the end of September, subject to customary conditions. Seller Cube Infrastructure Managers acquired firstcolo in 2022. Financial terms were not disclosed, leaving the valuation and CVC's expected equity [...][... Check source for end of article ...]
Tags: Colocation

firstcolo.net Reads: 1 | Category: General | Source: Hosting Jurnalist : Hosting Jurnalist | Author:
URL source: https://hostingjournalist.com/news/investor-cvc-acquires-firstcolo-backs-%E2%82%AC250m-frankfurt-expansion

Company: first-colo.net

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