Cube Infrastructure Managers to Acquire a Majority Stake in GleSYS AB
Posted on 03/21/2023
European investment firm Cube Infrastructure Managers via Cube Infrastructure Fund III has acquired a majority stake in Nordic data center firm GleSYS AB. The sellers of the stakes are VIA equity Fond III, GleSYS founder & CEO Glenn Johansson, and other employees and minority shareholders of the company. Johansson and certain key employees will reinvest in GleSYS alongside Cube to retain a minority shareholding and will remain as active key employees.
Founded in 1999, GleSYS offers infrastructure as a service offering, colocation, dedicated servers, network & connection, system management, and virtual private servers. The company owns and operates three data centers in Falkenberg and Stockholm, Sweden, and Oulu in Finland. European private equity buy-out firm VIA invested in GleSYS in 2018.
Cube was advised by REYL Intesa Sanpaolo, DLA Piper, Alvarez & Marsal and Fide. VIA, and other owners were advised by Torch Partners, Deloitte, Arthur D. Little, and Vinge. Management has been advised by the Censor M&A and Forssander Sonander law firm.
Cube Infrastructure Managers acquired German data center firm FirstColo in October 2022.