Digital 9 Infrastructure is selling a data centre platform diversified across the UK and Nordics to Ardian for up to $575m (鈧�663m).
The London Stock Exchange-listed investment trust said it has agreed to sell Verne Global for $440m in cash and a potential earn-out payment of up to $135m.
Digital 9 said the transaction will allow the company to reduce its debt burden by paying down approximately 拢300m of its revolving credit facility.
The company also announced the start of a strategic review to develop a plan to maximise shareholder value and help 鈥渁ddress the company鈥檚 financial uncertainty鈥�.
Founded in 2012, Verne has been under Digital 9鈥檚 ownership since 2021. In April 2022, Digital 9 acquired Ficolo and Volta Data Centres, which are now part of the Verne Global group of companies.
Verne鈥檚 Northern European data centre platform has experienced significant growth and now includes five data centre campuses in London, Iceland and Finland.
In a joint statement, Ardian鈥檚 co-heads of infrastructure Europe, Juan Angoitia Grijalba and Beno卯t Gaillochet, said: 鈥淰erne Global continues Ardian鈥檚 strategy of investing in a balanced portfolio of infrastructure with scope for growth and attractive returns.
鈥淭his transaction further illustrates the capability of the Infrastructure team at Ardian to invest in large digital infrastructure assets in Europe.鈥�
Dominic Ward, CEO of Verne Global, said: 鈥淲e are absolutely delighted to become part of the Ardian platform, which has a team with deep expertise in digital infrastructure that will help accelerate our ambitious expansion plans across the Nordics.
鈥淰erne aims to deliver sustainable data centre solutions that enable organisations to cost-effectively scale their digital infrastructure while reducing their environmental impact. We are hugely excited to be working with Ardian and believe that we have the perfect partner to help power our future.鈥�
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