Cube Infrastructure Managers has agreed to acquire Frankfurt-based Firstcolo from EMERAM Capital Partners and diva-e.
Founded in 2007, Firstcolo currently owns two Tier III+ data centres in Frankfurt, powered by 100% green energy. The business previously expanded with the acquisition of Accelerated IT in 2017.
Firstcolo’s founders – Jerome Evans and Nicolaj Kamensek – will remain shareholders of Firstcolo and will continue to lead the company.
Stéphane Calas, Partner at Cube Infrastructure Managers, said, “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, added: “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 acquisition was made by Cube Infrastructure Fund III. The parties have agreed not to disclose any financial details on the transaction, which is subject to customary closing conditions.