Adam Ecotech set for European Expansion following acquisition by CVC DIF
Deal News | Oct 31, 2024 | CVC Capital Partners
CVC DIF, the infrastructure arm of CVC Capital Partners, has announced its acquisition of Adam Ecotech, a leading data centre operator in Spain, marking CVC DIF's inaugural transaction in the European data centre sector. Adam Ecotech, which operates three data centres across Barcelona and Madrid with a capacity of 7MW, plans to expand to 12 MW. This strategic acquisition aligns with CVC DIF's ambition to bolster Adam Ecotech's growth within Spain and across the broader European market. Adam Ecotech, under the leadership of CEO Jose Mejias, supports a diverse clientele by offering services like colocation housing, infrastructure as a service, and cloud solutions. Legal, commercial, and financial advisors, including Linklaters, EY-Parthenon, EY, and Colliers, supported the acquisition process for CVC DIF, while Ogic Informatica was advised by KPMG and RocaJunyent. The acquisition not only strengthens CVC DIF's presence in the digital infrastructure space but also sets the stage for Adam Ecotech's enhanced regional and European expansion.
Sectors
- Data Centers
- Private Equity
Geography
- Spain – Spain is the primary operational base for Adam Ecotech, with data centres located in its major cities, Madrid and Barcelona.
- Europe – The acquisition represents CVC DIF's entry into the European data centre market, indicating growth and expansion plans across this continent.
Industry
- Data Centers – The industry involves infrastructure that houses computation and storage facilities which are critical for cloud services, colocation, and other data-related needs. This is the industry of the target company, Adam Ecotech.
- Private Equity – Involves investment firms that acquire equity ownership in companies to enhance their value. CVC DIF's acquisition of Adam Ecotech is a prime example.
Financials
- 100% – CVC DIF is acquiring a 100% stake in Adam Ecotech from Ogic Informatica.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| CVC DIF | Acquirer | Company | The infrastructure investment arm of CVC Capital Partners, focusing on acquiring data centre assets. |
| Adam Ecotech | Target Company | Company | A data centre operator in Spain, offering cloud and infrastructure solutions with facilities in Barcelona and Madrid. |
| Ogic Informatica | Vendor | Company | The seller of Adam Ecotech, divesting its stake in the data centre operator. |
| Jose Mejias | CEO | Person | CEO of Adam Ecotech, leading its operations and overseeing the expansion efforts. |
| Linklaters | Legal Advisor | Company | Provided legal advice to CVC DIF during the acquisition of Adam Ecotech. |
| EY-Parthenon | Commercial Advisor | Company | Advised CVC DIF on commercial aspects of the transaction. |
| EY | Financial and Tax Advisor | Company | Provided financial and tax advisory services to CVC DIF. |
| Colliers | M&A Advisor | Company | Provided M&A advisory services to CVC DIF. |
| KPMG | M&A Advisor | Company | Advised Ogic Informatica on the M&A aspects of the transaction. |
| RocaJunyent | Legal Advisor | Company | Provided legal advisory services to Ogic Informatica. |