- STAR acquired a majority stake in DC1 in August 2016
- Wolfgang Kaufmann, CEO of DC1, will join AtlasEdge’s management team
- DC1 operates several datacentres at various locations in Germany
STAR Capital announced it has reached an agreement to sell Datacenter One (DC1) to AtlasEdge, a pan-European data centre provider.
DC1, formerly known as Globalways AG, is a colocation provider headquartered in Stuttgart, Germany. The company, founded in 2016 operates datacentres in Düsseldorf, Leverkusen and Stuttgart.
The London-based STAR acquired a majority stake in DC1 in August 2016, with an initial commitment, made in partnership with the founders, of approximately €60 million, with the intention to grow DC1 into the German regional market.
AtlasEdge is a London-based edge data centre business, with a portfolio of more than 100 sites across Europe.
DC1’s senior management team will remain unchanged following the transaction. Wolfgang Kaufmann, DC1 CEO, will join AtlasEdge’s management team.
“In addition to creating strong returns for our investors, we are delighted to have been able to build on our long track record of developing strong and growing infrastructure businesses and to have been able to support the team to create a leading German colocation data centre business,” said Uniti Bhalla, managing partner of STAR. “We thank Wolfgang and the whole of the management team for our great partnership over the years and look forward to seeing DC1 continue their success in the next stage of their journey with AtlasEdge.”