InfraVia is partnering with Iliad Group by acquiring half of its €860m European data centre operator to launch a partnership to build a hyperscale data centre platform across the continent.
InfraVia, via its infrastructure funds, has agreed to buy a 50% equity stake in OpCore which operates data centres in the French cities of Paris, Marseille and Lyon, and Poland.
The companies said the partnership provides OpCore with the right financial framework, securing dedicated financing that covers up to 75% of its investment needs through bank debt.
It will allow OpCore to expand to over 130MW, starting with the development of a 100MW data centre in the Paris region, and eventually scaling to several hundred megawatts across Europe.
Thomas Reynaud, CEO of the Iliad Group said, the partnership planned to invest more than €2.5bn to make OpCore the leading independent data centre platform in Europe.
Vincent Levita, founder and CEO of InfraVia, said: “We are extremely pleased to expand our partnership with iliad through our investment in OpCore. This transaction draws on all our experience in hyperscale data centre development.
“Data centres have become an essential digital infrastructure that is experiencing high demand and requiring significant investments.”
Arnaud de Bermingham, CEO of OpCore, said: “At OpCore, we are seeing unprecedented growth in the capacity demands expressed by hyperscaler and AI customers.
“Our experience, track-record and unique technologies are key assets in a radically changing datacentre industry.”
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