London, United Kingdom 12 January 2023 – Arcus Infrastructure Partners LLP (“Arcus”) announces that Arcus European Infrastructure Fund 3 SCSp (“AEIF3” or the “Fund”) has acquired, as part of its regional edge colocation strategy, an 85% shareholding in European Data Hub S.A. (“EDH”). AEIF3’s stake in EDH has been acquired from the Luxembourg-based Wagner Group.
EDH operates a data centre in Luxembourg, a market in which demand for data centre capacity currently outstrips supply. It provides premium colocation capacity and related services to its customers. The data centre has a current sellable IT power capacity of 1.2MW, c. 1,750 sqm of sellable IT whitespace, and is certified, amongst others, to the EN50600 VK4 and Uptime Institute Tier IV high availability standards. It is also fitting out existing floorspace with the required electrical and mechanical infrastructure to increase sellable IT power capacity to 3.0MW, with the first stage being completed in Q1 this year.
EDH aligns with Arcus’ strategy to ensure that its investments have a positive ESG impact. The facility is certified ISO 50001 (a reputed international standard which targets energy efficiency), and its energy consumption is 100% renewably sourced. EDH also adheres to the European Code of Conduct for Energy Efficiency in Data Centres. Arcus plans to further improve the energy efficiency of the facility and strengthen EDH’s ESG policies.
EDH serves a diverse blue-chip client base including financial institutions, IT services companies, telecommunications companies and several European Union institutions.
Luxembourg is an economically strong regional market which attracts local customers as well as clients located in neighbouring countries such as France, Germany, and Belgium.
Christopher Ehrke, Arcus Partner, who led the transaction, said: “The regional European data centre market is on a growth trajectory and after extensive market mapping, we identified EDH as an excellent investment for the AEIF3 data centre strategy. Not only does EDH fit squarely within this strategy, but it also demonstrates strong ESG credentials with potential for further improvement in this respect. EDH is a well performing business in a strong market, and we look forward to working together with our local partner towards realising its full potential.”
Commenting on the acquisition, Ian Harding, Managing Partner at Arcus said: “We are delighted to be announcing this acquisition by our third fund, AEIF3. EDH is an excellent investment, and we look forward to playing a pivotal role in its continued growth.”
“We are pleased to welcome Arcus as an investor in EDH,” said Aloyse Wagner, President of the Wagner Group. “Arcus is a strong player in the infrastructure market, and we are excited to partner with them to support the next phase of EDH’s expansion.”
“We have the ambition of expanding our whitespace footprint in the Luxembourgish market,” said David Celis, CEO of EDH, “and the combined forces of Arcus and EDH will ensure this and strengthen the quality of the services provided to our customers.”
Arcus was advised by Baker McKenzie (Legal), Arup (Technical), BDO (Financial and Tax) and AON (Insurance).
Group Wagner was advised by DSM Avocats à la Cour (Legal)
Arcus Media Contacts:
Harriet Bellanca
E: harriet.bellanca@arcusip.com
T: +44 7442 154256
About Arcus
Arcus Infrastructure Partners LLP is an independent fund manager focused solely on long-term investments in European infrastructure. Arcus invests on behalf of institutional investors through discretionary funds and special co-investment vehicles and, through its subsidiaries, currently manages investments with an aggregate enterprise value in excess of EUR 19bn (as of 30 September 2022). Arcus targets mid-market, value-add infrastructure investments, with a particular focus on businesses in the digital, transport, logistics & industrials, and energy sectors.
About EDH
European Data Hub is a state-of-the-art data centre situated in the heart of Luxembourg. It offers 3.500 m² of IT space divided into private areas ranging from 20 m2 to 1.000 m² each. Beyond being a Tier IV Data Center, it is entirely underground offering the highest level of security while integrating the most innovative technologies. It is located in the Drosbach office complex, at the Cloche d’Or and is therefore strategically placed near the
major business centres of Luxembourg City, Luxembourg-Kirchberg and fast-growing Luxembourg-Gasperich.
