- Cube Infrastructure Fund III made the acquisition
- Firstcolo owns two Tier III+ data centres in Frankfurt that it says are 100% powered by green electricity
- Firstocolo achieved ‘substantial’ revenue and profitability growth since EMERAM and diva-e backed it, according to the firms
Cube Infrastructure Managers announced on Monday that it has acquired German data centre business firstcolo from EMERAM and its portfolio company diva-e. Firstcolo, based in Frankfurt, provides colocation, dedicated servers, managed services and private cloud services. The purchase was made via Cube Infrastructure Fund III.
Firstcolo owns two Tier III+ data centres in Frankfurt that it says are 100 percent powered by green electricity. The business, founded in 2007, was expanded via the acquisition of Accelerated IT in 2017. With the backing of EMERAM and diva-e as majority shareholders, the company substantial grew its revenues and profitability according to the firms.
“Over the past five years, we more than doubled our revenue and assets and expanded into new areas such as private cloud,” said Jerome Evans, CEO at firstcolo. “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.”
Cube Infrastructure Managers is a Luxembourgian management company that invests in European infrastructure. The firm has raised €3.7 billion across four funds to date.
EMERAM is a Munich-based private equity firm that invests in SMEs in German-speaking countries. EMERAM funds invest across the technology and software, value-added services and new consumer staples sectors. Fund volume stands at €500 million.