InfraVia Capital Partners (“InfraVia”) and UK data centre operator Next Generation Data (“NGD”) today announced the acquisition by InfraVia European Fund III (“InfraVia III”) of a controlling stake of NGD for an undisclosed amount. NGD’s founders, Simon Taylor (Chairman) and Nick Razey (CEO), will remain significant shareholders in the company.
NGD opened its flagship 750,000 square feet data centre in south Wales in early 2010. The largest data centre in Europe includes its own private connection to the National SuperGrid with up to 180MW of power (sufficient to power a city the size of Bristol) generated from 100% renewable sources.
NGD has attracted large multinational clients including a number of major Cloud Computing service providers. These require secure, resilient and scalable data processing and storage facilities for hosting Cloud, Big Data and High Performance Computing infrastructures.
Investment from InfraVia will enable NGD to accelerate future growth: it will be used for the expansion of existing UK data centre capacity including the addition of a second site and connection of further high speed transatlantic fibre communications networks. The funding will also be made available for stepping up international sales efforts, especially in North America and Asia.
“We have been impressed by the momentum achieved by the management team and we believe that NGD is ideally positioned to capture further growth thanks to its unique offering, flexible expansion potential and high quality infrastructure”, commented Vincent Levita, Founder and CEO of InfraVia. “We are delighted to start the deployment of our third fund with NGD and our ambition is to provide the company with long term institutional capital to embark into a new development phase”.
Simon Taylor and Nick Razey, will retain their respective positions as Chairman and CEO on the new board. All NGD data centre operational management will also continue as will Dr Simon Orebi Gann as non-executive director.
Simon Taylor, NGD’s Chairman said: “We have become the UK’s first choice for blue chip organisations requiring spacious world-class data centre facilities for reasons of power, energy efficiency, security and price. With the additional financial resources of InfraVia we will be able to take our business to the next level by maximising repeat and new business opportunities as global organisations continue to demand more data centre space and power for accommodating increased cloud computing deployments. In addition, we believe that Brexit will possibly increase the on-shoring of data which we see as positive for NGD going forward.”
InfraVia was advised by CMS Cameron McKenna LLP (legal), Lazard Frères (financial), Solon Consulting (commercial) and Deloitte LLP (accounting and tax). Clyde’s (legal) and EY (financial), advised existing NGD’s shareholders on the transaction.
About InfraVia Capital Partners:
InfraVia Capital Partners is an investment manager dedicated to the infrastructure sector. InfraVia Capital Partners manages approximately €1.6 billion of assets through three infrastructure funds, which are all positioned as long term investors across the infrastructure and energy sectors in Europe. InfraVia Capital Partners is affiliated with OFI Asset Management.
Located in the Cardiff Capital Region, NGD is a purpose-built carrier-neutral Tier 3 facility offering 750,000 sq feet (gross internal area) of highly secure and cost-effective space housing up to 19,000 racks. These can be arranged into self-contained and colocation data halls of various sizes all with independent services, resilient power and cooling systems. NGD Europe’s environmentally-friendly high level technology infrastructure has been designed to meet and exceed the ever increasing demand for more computing power. Among its many features are a high capacity 180 MVA power supply direct from the super grid and sourced from 100 per cent renewable energy; and a variety of on-site high-speed, low latency carrier interconnects
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