We would like to keep you up to date with the latest news from Digitalisation World by sending you push notifications.
Digital Newsletter
Each week our editor Phil Alsop rounds up the most popular articles, videos and expert opinions. We compile this into a Digital Newsletter and send it straight to your inbox every week.
Digital Magazines
We'll let you know each time a new edition of Digitalisation World is released so that you're always kept up-to-date with the latest and greatest news and press releases.
Video Magazines
The Digitalisation World Video magazine contains the latest Zoom interviews with experts in the industry.
Cube is acquiring firstcolo from funds advised by EMERAM Capital Partners (“EMERAM”), one of the leading investment companies for medium-sized companies in the German-speaking region, and its portfolio company diva-e Excellence GmbH (“diva-e”). As a business development partner, EMERAM actively supports the growth of diva-e.
The parties have agreed not to disclose any financial details on the transaction, which is subject to customary closing conditions.
firstcolo owns two state-of-the-art Tier III+ data centres in Frankfurt which are 100% powered by green electricity. The business was founded in 2007 and expanded through the acquisition of Accelerated IT in 2017. Since welcoming EMERAM and diva-e as new majority shareholders, the management team achieved substantial growth of firstcolo’s revenues and profitability around its core colocation offering, as well as by entering new high growth areas such as private cloud solutions. firstcolo’s strong “platform” characteristics and significant growth prospects supported by an increasing demand for colocation and cloud solutions across Germany represents an attractive proposition for Cube’s buy-and-grow strategy.
Stéphane Calas, Partner at Cube Infrastructure Managers, said: “Cube IM invests in businesses which capitalise on megatrends driving the need for sustainable infrastructure. In the digital sector, Cube has conducted a dozen transactions since 2008, partnering with talented management teams to achieve strong and sustainable growth. We believe firstcolo to be very well positioned to address the increasing needs of German SMEs in terms of colocation and cloud services, with the ability to anticipate the future needs of customers. Our team is very excited to join forces with Jerome and Nicolaj, firstcolo’s management team and founders to write the next growth chapter of the Company.”
Dr. Alexis Tran-Viet, Partner at EMERAM, commented: “We are proud to have supported firstcolo to become one of the leading and most efficient data centre players in the Frankfurt region with a differentiated and customer-centric value proposition. It has been a pleasure to partner with Jerome Evans and Nicolaj Kamensek who have done a fantastic job in executing the joint value creation plan which we foresaw at the time of the original acquisitions.”
Jerome Evans, CEO at firstcolo, noted: “Through the cooperation with diva-e and EMERAM, firstcolo has developed from a founder-led company to a platform to capture significant growth potential. Over the past five years, we more than doubled our revenue and assets and expanded into new areas such as private cloud. With Cube, we have gained a long-term oriented owner who will support us with our ambition to expand the platform and to triple in size. Our goal is to build more data centres in the future that have industry-leading PUE values in terms of energy efficiency. Together, we will continue our journey of growth and digitalisation.”
The two founders of firstcolo – Jerome Evans and Nicolaj Kamensek – will remain shareholders of firstcolo and will continue to lead the company in the next growth phase.
