European real assets manager Aermont is acquiring a Spanish data centre company owned by Asterion Industrial Partners and Telefónica’s infrastructure arm.
Aermont is investing an unspecified sum on behalf of a fund to acquire Asterion and Telefónica Infra’s 80% and 20% respective stakes in Nabiax.
Asterion founded Nabiax in 2019. In 2021, Telefónica partnered with Nabiax, contributing three data centres for a 20% stake. In 2023 Nabiax sold its Latin American assets to Actis to focus on European growth.
Nabiax’s current portfolio includes three data centres in Madrid and Barcelona, with a combined IT power of 35MW and expansion potential to over 100MW.
Paul Golding, managing partner of Aermont, said: “Nabiax aligns perfectly with our strategy to back talented management teams with a proven track record operating in sectors with high growth potential.
“We look forward to working with Emilio Díaz [CEO of Nabiax] and his team, building on the strong foundations laid by Asterion and Telefónica and unlocking new opportunities in Spain and beyond.”
Jesús Olmos, founding partner and CEO of Asterion, said: ”We are proud to have created - together with Telefónica - a company like Nabiax, that has allowed us to achieve differentiated returns for our institutional investors through the development of an industrial project that will enhance connectivity throughout Spain.
“We are convinced that Aermont is the right partner to continue supporting Nabiax in its growth story, aimed at creating essential infrastructure that drives digital transformation.”
Díaz said: “The success of Nabiax has been an exciting journey with Asterion first and then together with Telefonica and I believe that Aermont is an excellent partner for the future.
“I think it is necessary to highlight the value of the Nabiax team, which has achieved the remarkable feat of turning a set of assets into the leading data centre company in Spain, we face the future with ambition to continue growing in the Spanish market and explore new opportunities in the European market with Aermont.”
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