European private equity firm Exponent is to invest in Ethos Engineering, a Dublin-based provider of sustainable data centre design services delivered across the EMEA region, and will back its incumbent management team, led by CEO Greg Hayden.
Exponent’s investment in Ethos, which represents its seventh platform investment in Ireland, will go towards accelerating growth, expanding services and enabling further development of the provider’s technology, capabilities and people.
In a press statement, Anthony Clegg, an Investment Professional at Exponent, said: “Increasing digitalisation of the global economy, particularly in areas such as artificial intelligence and cloud services, will continue to drive demand for data centres around the world. We are excited by the opportunities this creates for Ethos, as a trusted design partner to some of the leading global data centre players, to deliver sustainable design services on an increasingly international stage.”
Greg Hayden, CEO of Ethos Engineering, added: “Demand for data is continuing to grow and it is vital that data centre owners deliver their services in a way that is sustainable and energy efficient. That’s where Ethos excels, as a trusted partner to our clients. We look forward to expanding our capabilities on foot of this investment from Exponent. Their track record of working with growing businesses makes them the perfect fit for us.”
Exponent was advised by Alantra, KPMG, LEK and A&L Goodbody. Ethos was advised by Capnua Corporate Finance and Beauchamps.
Ethos provides mechanical and electrical engineering solutions with a focus on sustainable data centre design for technology companies. The company has contributed to over 90 data centres across 19 countries in the EMEA region, which, according to a press release, represent over 2 GW of capacity.
Exponent most recently backed Chanelle Pharma, Ireland’s largest manufacturer of generic pharmaceuticals; Fintrax (now called Planet), an Ireland-based financial technology and services firm; Enva, a recycling and resource recovery solutions provider in the UK and Ireland; and H&MV Engineering, a provider of specialist design, engineering and construction services.
