Arma Partners acted as exclusive financial adviser to IXcellerate Ltd on its placement of Series A equity.
The International Finance Corporation (IFC), a member of the World Bank Group, is among the institutional investors subscribing to the issue alongside IXcellerate’s co-founders.
Upon completion of all phases, the project cost will total c. USD55 million, most of which will be invested towards the construction and operation of a 6,200 square metre facility in Moscow set on a 15,000 square metre campus. The datacentre will be built over three phases, with the first 1,000 square metres planned to be operational in 2012.
