Cube Infrastructure Managers (Cube), an independent mid-market infrastructure investor, has agreed to acquire firstcolo datacenters (firstcolo), a Frankfurt-based data centre business and provider of colocation, dedicated servers, managed services and private cloud solutions.
The acquisition is being made by Cube Infrastructure Fund III.
Cube is acquiring firstcolo from funds advised by EMERAM Capital Partners (EMERAM), an investment companies for medium-sized companies in the German-speaking region, and its portfolio company diva-e Excellence (diva-e). As a business development partner, EMERAM actively supports the growth of diva-e.
The parties have agreed not to disclose any financial details on the transaction, which is subject to customary closing conditions.
firstcolo owns two state-of-the-art Tier III+ data centres in Frankfurt which are 100% powered by green electricity. The business was founded in 2007 and expanded through the acquisition of Accelerated IT in 2017. Since welcoming EMERAM and diva-e as new majority shareholders, the management team achieved substantial growth of firstcolo’s revenues and profitability around its core colocation offering, as well as by entering new high growth areas such as private cloud solutions. firstcolo’s strong “platform” characteristics and significant growth prospects supported by an increasing demand for colocation and cloud solutions across Germany represents an attractive proposition for Cube’s buy-and-grow strategy.
The two founders of firstcolo – Jerome Evans and Nicolaj Kamensek – will remain shareholders of firstcolo and will continue to lead the company in the next growth phase.
EMERAM was advised by ING (M&A), Poellath (Legal), Solon (Commercial) and KPMG (Financial). Cube was advised by DLA (Legal), PwC (Financial, Tax, ESG), Fide (Commercial and Technical) and Marsh (Insurance).
