Adam Ecotech Sells to CVC DIF with KPMG and Colliers as Advisors
Deal News | Nov 05, 2024 | Finance Community ES 2 - Corporate M&A
KPMG and Colliers have advised on the sale of Adam Ecotech, a notable colocation data center operator in the Spanish market, to CVC DIF, the infrastructure division of CVC, a leading global private markets manager. This marks the third significant data center transaction involving a big four firm. The investment in Adam Ecotech will be conducted through CIF III, CVC DIF's latest value-added infrastructure fund. CVC DIF plans to support Adam Ecotech in its expansion within Spain and across the European data center market. Adam Ecotech currently operates three data centers in Barcelona and Madrid, encompassing a total area of approximately 6,900 square meters with a capacity of 7 MW. The company is also developing additional infrastructure with aims to increase its capacity to 12 MW in the coming years. CVC DIF was advised by EY-Parthenon for commercial strategy, EY for financial and tax matters, and Colliers for M&A. On the selling side, Adam Ecotech was represented by KPMG. Key personnel from Colliers involved included Jose Maria Guilleuma and Gonzalo Martin, while the KPMG team was led by Sergio Mas-Sarda Romagosa.
Sectors
- Data Centers
- Private Equity
- Mergers & Acquisitions
Geography
- Spain – Spain is the country where Adam Ecotech operates its data centers, and where the initial expansion is focused.
- Europe – CVC DIF aims to expand Adam Ecotech operations to a broader European market, indicating Europe as a relevant geography.
Industry
- Data Centers – Adam Ecotech is a data center operator, making this sector essential to the article as it relates to the sale and expansion of its facilities.
- Private Equity – CVC DIF, a major global infrastructure investment division of CVC, is acquiring Adam Ecotech, highlighting the role of private equity in the transaction.
- Mergers & Acquisitions – The article discusses a significant M&A transaction involving the sale of a data center company, emphasizing the advisory roles of KPMG and Colliers.
Financials
- 12 MW – Projected data center capacity of Adam Ecotech after expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Adam Ecotech | Target Company | Company | A leading operator of colocation data centers in Spain. |
| CVC DIF | Bidding Company | Company | The infrastructure division of CVC, involved in the acquisition of Adam Ecotech. |
| KPMG | Financial Advisor | Company | Advised Adam Ecotech on the sale transaction. |
| Colliers | Commercial & M&A Advisor | Company | Provided merger and acquisition advice to CVC DIF. |
| EY-Parthenon | Commercial Advisor | Company | Advised CVC DIF on commercial aspects. |
| EY | Financial and Tax Advisor | Company | Provided financial and tax advisory services to CVC DIF. |