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InfraVia invests in data centre business

The French firm has plugged €15m of fresh capital in Luxembourg-based Etix Everywhere alongside US private equity firm Tiger Infrastructure.

Paris-based InfraVia has acquired a 16 percent stake in Etix Everywhere, a company specialising in the construction, financing and operation of data centres.

The fund manager participated in a €15 million capital increase at the business alongside Tiger Infrastructure, a US private equity firm.

The equity will come from InfraVia European Fund II, a €530 million vehicle closed by the firm in January 2014. The fund is now 60 percent deployed, Vincent Levita, chief executive and chief investment officer of InfraVia, told Infrastructure Investor.

“We are really glad to work with the Etix Everywhere team which is continuing to grow every day. This is a key point in their adventure and we are pleased to support their ambitious targets to meet the booming demand for data centers,” Levita said.

Founded in late 2012 by two French entrepreneurs, Etix Everywhere claims it has developed a modular data centre architecture that it says can be deployed anywhere in the world in less than 16 weeks. The company has more than 10 data centres completed or currently under construction in Europe and Africa.

“The common thought is that data centers are heavy, complex and risky investments. Etix Everywhere disrupts this traditional view,” commented Charles-Antoine Beyney, chief executive of Etix Everywhere.

“This capital increase gives us the financial capacity to develop a truly international network of interconnected data centers,” added Antoine Boniface, managing director of Etix Everywhere. “We are particularly proud to be the first international hosting company to have started the construction of colocation data centers in Northern Africa as well as Western Africa.”

InfraVia European Fund II, which has a tenure of 10 years, is currently invested in 12 assets spanning the transportation, energy, environment, social infrastructure and communications sectors.