Investment firm CVC has acquired Spanish colo provider Adam Ecotech.
CVC DIF, the infrastructure arm of leading global private markets manager CVC, this week announced it has agreed to acquire Adam Ecotech. Terms were not shared.
Adam Ecotech owns three operating data centers across Barcelona (x2) and Madrid, totaling 6,900 sqm (74,270 sq ft) and 7MW of capacity. It is also in the process of developing a greenfield data center in Barcelona and expanding its existing infrastructure to reach up to 12MW of capacity in the coming years.
CVC said it will support Adam Ecotech in its expansion into other regions of Spain and the wider European market.
“I am incredibly proud of the progress our team has made in establishing Adam Ecotech as a trusted provider of data center services in Spain. Our success has been driven by a relentless commitment to our clients, accompanying them in their growth, and ensuring we delivered the highest operational standards,” said Jose Mejias, CEO of Adam Ecotech.
Founded in 2005, Netherlands-based CVC DIF (formerly DIF Capital Partners) has €18 billion ($19.5bn) of infrastructure assets under management in energy transition, transport, utilities and digitalization. The company also owns Tonaquint in the US, and several fiber firms.
Willem Jansonius, partner and head of the DIF value add funds at CVC DIF, added: “With its exceptional track record of providing reliable and secure digital infrastructure, Adam Ecotech is positioned as a key player in a rapidly growing market.”
He continued: “This acquisition provides us with a strong entry point into the European data center market, establishing a solid platform for future growth in the region. We are excited to support the next phase of growth, providing both capital and strategic guidance, and look forward to collaborating with the management team to strengthen its presence in Spain and beyond.”
Founded in 1995, Adam opened its first data center in Barcelona in 2001. Launched in 2021, Adam’s Madrid facility in Alcala de Henares offers 2MW across 3,500 sqm (37,675 sq ft). The two existing two Barcelona sites are located in Cerdanyola del Vallès and central Barcelona; the former offers 4MW across 3,000 sqm (32,290 sq ft) and the latter offers 1.5MW across 600 sqm (6,460 sq ft). The upcoming Barcelona facility in Cerdanyola del Vallès will offer 5MW and 12,000 sqm (129,165 sq ft) in phase one.
CVC DIF has been advised by Linklaters (legal advisor), EY-Parthenon (Commercial advisor), EY (financial and tax advisor), and Colliers (M&A advisor). Ogic Informatica has been advised by KPMG (M&A advisor) and RocaJunyent (legal advisor).
