Nabiax Sells to Aermont: Telefónica's Stake Included
Deal News | Nov 12, 2024 | Iberian Lawyer
Asterion Industrial Partners has successfully agreed to sell Nabiax, a leading Spanish data center group, to Aermont, with the deal involving ownership transfer of Telefónica's 20% stake. Nabiax, created by Asterion in 2019 through the acquisition of 11 data centers from Telefónica, features a robust portfolio with prominent data centers boasting an IT power capacity of 35 MW. This transaction aligns with Nabiax's strategic focus on addressing the growing European demand for data center capacity, having earlier divested its Latin American operations to Actis. Telefónica, maintaining a crucial commercial stake, continues to deliver services and retain leadership in connectivity and cloud solutions for businesses, fortifying its position within Nabiax's operational structure. Legal advisory was provided by Uría Menéndez for Aermont and Clifford Chance for Asterion, each facilitating crucial M&A and financing aspects.
Sectors
- Data Center
- Telecommunications
- Private Equity
Geography
- Spain – Nabiax operates significant data centers located in Spain, specifically in Alcalá de Henares, Julián Camarillo, and Terrassa.
- Europe – The strategic repositioning of Nabiax focuses on expanding data center services across Europe.
- Latin America – Nabiax divested its Latin American operations to Actis as part of its strategic refocus on Europe.
Industry
- Data Center – Nabiax operates within the data center industry, providing IT power solutions with an emphasis on expanding capacity in Europe.
- Telecommunications – Telefónica's involvement through its stake in Nabiax and its continued service provision highlights its role in telecommunications.
- Private Equity – Asterion Industrial Partners and Aermont are significant players in the private equity market overseeing investments and acquisitions in the tech infrastructure sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Asterion Industrial Partners | Seller | Company | A private equity firm responsible for creating Nabiax and selling its data center operations to Aermont. |
| Aermont | Buyer | Company | A private equity fund manager acquiring Nabiax, including Telefónica's stake. |
| Nabiax | Target Company | Company | A leading data center group being sold by Asterion to Aermont. |
| Telefónica | Partner/Stakeholder | Company | Telefónica holds a 20% equity stake in Nabiax and continues to leverage its services through Nabiax's platform. |
| Uría Menéndez | Legal Advisor | Company | Provided legal advice to Aermont during the transaction. |
| Clifford Chance | Legal Advisor | Company | Served as legal advisor to Asterion in this and previous transactions, including financing advice. |