- Cube has made the investment via its Cube Infrastructure Fund III
- Glenn Johansson, CEO, and founder of GleSYS, and certain key employees will maintain a minority stake in the firm
- Cube Infrastructure is an independent mid-market infrastructure investor
Cube Infrastructure Managers will acquire a majority stake in GleSYS Holding, a Nordic data centre operator providing digital infrastructure services, from VIA Equity.
GleSYS is headquartered in Falkenberg, Sweden.
Glenn Johansson, CEO and founder of GleSYS, and some key employees will reinvest in the company to maintain a minority stake, and will remain as active key employees, according to a release.
Cube has made the investment through its Cube Infrastructure Fund III.
“GleSYS, thanks to the quality of its services and investments to date, is very well positioned to address the increasing needs of Nordic SMEs for digital infrastructure,” said Stéphane Calas, partner at Cube.
The transaction is subject to relevant regulatory approvals.
VIA Equity first invested in GleSYS in 2018. VIA is a Northern European private equity firm headquartered in Hellerup, Denmark.
Cube Infrastructure, based in Luxembourg, is an independent mid-market infrastructure investor. The firm has raised an aggregate €4.0 billion and manages four funds. It has made over 40 investments across Europe.
Cube was advised by REYL Intesa Sanpaolo (financial advisor), DLA Piper, Alvarez & Marsal and Fide.