10 February 2020
Etix Everywhere acquired by Vantage Data Centers
InfraVia, Tiger Infrastructure, SBI, STOA, and Keppel Data Centres are pleased to announce that they have sold their participation in Etix Everywhere, a fast-growing global data center developer and operator. Having developed a portfolio of 12 data centers over the past 6 years, Etix will be one of the strategic assets of Vantage Data Centers for its deployment program across Europe.
Luxembourg, February 10th, 2020 – Etix Everywhere announces the completion of its acquisition by Vantage Data Centers, a leading provider of wholesale data centers in support of business and mission-critical applications. This transaction is part of a move by Vantage Data Centers to expand its footprint to Europe, leveraging the competencies of the Etix team and its portfolio of data center projects. Etix recently launched the construction of a hyperscale data center campus in Offenbach (Frankfurt area), with a first building of 15 MW of IT load, which will be delivered in October 2020. Since its inception in 2012 by Antoine Boniface and Charles-Antoine Beyney, Etix has successfully gained the support of financial and strategic investors to accelerate its deployment. In 2014 it raised Series A funding from infrastructure funds InfraVia Capital Partners and Tiger Infrastructure. It then secured Series B and C funding in 2018 and 2019 with 3 strategic partners: SBI Holdings – a pioneer of Internet-based financial services based in Japan -, STOA – an investment vehicle mainly owned by the French CDC (Caisse des Dépôts et Consignations) – and Keppel Data Centres – a Singaporean data center developer and operator. Etix has expanded its global network of data centers to a total of twelve facilities: nine edge data centers and three HPC facilities. Two other facilities are currently being built, including one hyperscale campus in Frankfurt. The Etix management team and staff will continue to operate the business, joined by several talented experts from the data center world. Vantage Data Centers will bring its vast industry network, knowledge and operational excellence to develop the portfolio of assets and capture the latest market evolutions for its global clients.
“We thank our historical shareholders who have funded and supported our growth strategy over the past 5 years and are excited by the opportunity to join the Vantage Data Centers’ team in their European development” declared Antoine Boniface, CEO of Etix. “Our team has proven its competency in developing data centers from scratch in a number of EMEA geographies and several market segments. Our latest development in Frankfurt demonstrates our capabilities to win in highly competitive environments. Vantage will leverage these capabilities to develop, build and operate hyperscale data centers across Europe”. Sureel Choksi, President and CEO of Vantage Data Centers, said: “Vantage is thrilled to enter the European market with the acquisition of Etix. This is an unprecedented time for Vantage as we embark on the largest expansion in the company’s history. Having Antoine and his team join Vantage will help us accelerate our growth globally and meet the demands of hyperscalers, cloud providers and large enterprises.”
Vincent Levita, Founder and Chief Executive Officer of InfraVia, said: “Since our initial investment in a nascent start-up called Etix in 2014, the Company has continuously won new growth challenges in a number of geographies. It has adapted and professionalized its organization to capture opportunities and develop a wellknown brand in a very competitive market. We thank our investment partners who have joined this adventure for their complementary strategic and financial support, which has enabled Etix to successfully scale its business. We are convinced that Etix, with its high-quality management team under the leadership of Antoine Boniface will be a cornerstone for the development of Vantage in Europe”. Emil Henry, Managing Partner of Tiger Infrastructure, added: “Tiger was pleased to partner with InfraVia and the Etix team to support the creation of this successful and innovative data center platform from its initial funding to the sale to large digital infrastructure investors. Congratulations to the Etix team for their vision and skill in building a successful enterprise which has a bright future as the foundation of Vantage in Europe”. Funding for Vantage’s acquisition of Etix was provided by current investors of Vantage, and a new commitment from Digital Colony Partners. The Sellers were advised by Weil (legal). Vantage Data Centers was advised by Linklaters (legal) and PwC (financial).