Cube Infrastructure Managers to Acquire firstcolo datacenters

Posted on 10/17/2022

Cube Infrastructure Managers agreed to acquire firstcolo datacenters GmbH (firstcolo), a Frankfurt-based data center business and provider of colocation, dedicated servers, managed services and private cloud solutions. The acquisition is made by Cube Infrastructure Fund III.

Cube is acquiring firstcolo from funds advised by EMERAM Capital Partners (EMERAM), 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 Tier III+ data centers 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.

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.

EMERAM was advised by ING (M&A), Poellath (Legal), Solon (Commercial) and KPMG (Financial). Cube was advised by DLA (Legal), PwC (Financial, Tax, ESG), Fide (Commercial and Technical) and Marsh (Insurance).

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