Asterion Industrial Partners, an independent investment management firm focused on European infrastructure in the mid-market, has sold data centre group Nabiax to European asset manager Aermont.
Nabiax is considered Spain's leading data centre group and hyperscaler platform in terms of market share and installed capacity. The transaction includes the sale of Telefónica's 20% stake in the company.
Nabiax's current portfolio consists of three data centres with an installed IT power of 35 MW located at facilities in Alcalá de Henares, Julián Camarillo (both in the province of Madrid) and Terrassa (Barcelona). The assets benefit from expansion capacity that provides optionality to scale installed IT power to above 100 MW in the medium term.
Asterion Industrial Partners created Nabiax in 2019 through the acquisition of 11 data centres from Telefónica. In 2021, Telefónica joined the platform as a partner through the contribution of three additional assets in exchange for a 20% equity stake, enabling Nabiax to leverage Telefonica’s commercial relationships across Spain and Latin America.
As part of a strategic repositioning to focus on surging demand for data centre capacity in Europe, Nabiax sold its 11 data centres in Latin America to Actis in 2023. Telefónica will continue to deliver and manage the services it currently provides to its clients from Nabiax’s existing portfolio.
Jesús Olmos, founding partner and CEO of Asterion, commented: '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.'
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 and his team, building on the strong foundations laid by Asterion and Telefónica and unlocking new opportunities in Spain and beyond.'
Emilio Díaz, CEO of Nabiax 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.'
