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Cube IM acquires Germany’s Firstcolo

Investment firm Cube Infrastructure Managers has acquired German data center company Firstcolo.

The mid-market infrastructure investor announced this week that it has agreed to acquire Firstcolo datacenters GmbH, a Frankfurt-based data center business.

The acquisition is being made by Cube Infrastructure Fund III from funds advised by EMERAM Capital Partners and its portfolio company diva-e Excellence GmbH; terms weren’t disclosed.

The two founders of firstcolo – Jerome Evans and Nicolaj Kamensek – will remain shareholders of firstcolo and will continue to lead the company

“We believe Firstcolo to be very well positioned to address the increasing needs of German SMEs in terms of colocation and cloud services, with the ability to anticipate the future needs of customers,” said Stéphane Calas, Partner at Cube Infrastructure Manager. “Our team is very excited to join forces with Jerome and Nicolaj, firstcolo’s management team and founders to write the next growth chapter of the company.”

Dr. Alexis Tran-Viet, Partner at EMERAM, added: “We are proud to have supported Firstcolo to become one of the leading and most efficient data center players in the Frankfurt region with a differentiated and customer-centric value proposition. It has been a pleasure to partner with Jerome Evans and Nicolaj Kamensek who have done a fantastic job in executing the joint value creation plan which we foresaw at the time of the original acquisitions.”

Founded in 2007, Firstcolo operates two data centers in Frankfurt. Its Werkaus facility has capacity for more than 1,000 racks across 1,200sqm of technical space, while its data center in the Accent Office Center has capacity for more than 500 racks

Firstcolo CEO Evans, said: “Through the cooperation with diva-e and EMERAM, firstcolo has developed from a founder-led company to a platform to capture significant growth potential. Over the past five years, we more than doubled our revenue and assets and expanded into new areas such as private cloud. With Cube, we have gained a long-term oriented owner who will support us with our ambition to expand the platform and to triple in size. Our goal is to build more data centers in the future that have industry-leading PUE values in terms of energy efficiency. Together, we will continue our journey of growth and digitalization.”

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).

Cube’s previous digital infrastructure investments include Spanish fiber to the home providers Asteo Red Neutra and Vento Rede, Italy’s Unifiber, Dutch fiber firm Rodin, Czechia’s Scancom, RuNe Croatia and Slovenia, dst telecomunicações in Portugal, Covage in France, European Sigfox provider Heliot, cable provider IslaLink, and Trooli and G.Network in the UK. Data Center Dynamics

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