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Bain Capital and Aquila Group Partner to Build a Leading Sustainable Data Centre Platform Across Europe

BainCapital

Bain Capital and Aquila Group Partner to Build a Leading Sustainable Data Centre Platform Across Europe

  • Bain Capital acquires majority share in Aquila Group’s data centre business AQ Compute
  • Together, the partners aim to build a leading European data centre platform
  • AQ Compute is intended to set new standards in sustainable data centre operations

Hamburg, Germany, and London, October 30, 2024 – Bain Capital, one of the world’s leading private, multi-asset alternative investment firms, and Aquila Group, a private investment company and pioneer in sustainable assets, announce a significant partnership in the data centre sector. As part of the cooperation, Bain Capital is acquiring an 80% stake in AQ Compute, the data centre subsidiary of Aquila Group. This strategic alliance, with a targeted multi-billion Euro investment volume, is aimed at significantly accelerating AQ Compute’s plans to develop and operate sustainable data centres for hyperscale and AI customers across Europe.

Founded by Aquila Group in 2020, AQ Compute provides modular and AI-ready data centre and colocation services, primarily powered by clean energy. With significant investment, the company launched its first sustainable data centre near Oslo in 2024, with additional projects underway in Barcelona, Milan and beyond. Bain Capital supports this growth through its capital investment and global expertise in the data centre industry, including its successful development of Bridge Data Centres in Asia. Together, the partners aim to build a leading European data centre platform, utilising clean energy wherever feasible.

Ali Haroon, a Partner at Bain Capital, said: “The European data centre sector presents an attractive market opportunity, driven by robust cloud demand, a need for high-performance computing and AI deployments, and data sovereignty across the region. Through this partnership with Aquila Group, we bring a differentiated, renewable energy angle to tackle the ever-growing power challenges in this critical part of Europe’s infrastructure.”

Rafael Coste Campos, a Managing Director at Bain Capital, added: “We are thrilled to bring our deep European real estate sector expertise and our multi-layered experience growing companies with complex infrastructure services, tenant relationships and talent attraction to AQ Compute. Leveraging our global data centre expertise, we are well-positioned to meet the needs of this ever growing and critically important sector and to build a market leading data centre operation in Europe.”

Michael Huber, a Principal at Bain Capital said: “Having invested more than $1 billion in real estate over the past three years, Bain Capital’s first European investment in data centres means we now have a truly global platform. This investment will benefit from and complement our experience investing in and building one of the largest data centres in Asia – Chindata and backing DC BLOX in the US.”

Roman Rosslenbroich, Co-founder and CEO of Aquila Group, commented: “Through our partnership with Bain Capital, we are well positioned to expand AQ Compute’s capabilities and solidify its role as a key player in Europe’s digital infrastructure. The rapid growth in data demands presents both a challenge and an opportunity — while more data centres are essential, they must be sustainable. Aquila will invest several hundred-million euros alongside Bain Capital’s larger commitment, with Aquila Capital providing co-investments. With our continued 20% stake, we will ensure AQ Compute’s growth aligns with our long-term vision for sustainable infrastructure, leveraging synergies with Aquila Clean Energy, a major developer and independent power producer in the clean energy space.“

Markus Holzer, Chairman of AQ Compute, said: “At AQ Compute, we are uniquely positioned to meet the growing demand for data processing by combining innovative, AI-ready infrastructure with a commitment to sustainability. This partnership with Bain Capital not only accelerates our development pipeline but also allows us to set new standards in sustainable data centre operations across Europe.”

About Bain Capital
Bain Capital is one of the world’s leading private multi-asset alternative investment firms that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into numerous asset classes including private equity, credit, public equity, venture capital, real estate and other strategic areas of focus. The firm has offices on four continents, more than 1,750 employees and approximately $185 billion in assets under management.
To learn more, visit www.baincapital.com.

About Aquila Group
Aquila Group, headquartered in Hamburg, Germany, is a private investment company managing a diverse portfolio of businesses focused on innovative solutions across various sectors. Since 2001, Aquila Group has been at the forefront of identifying emerging trends and fostering innovation, particularly in clean energy and sustainable infrastructure, while actively investing in the development of new ventures. As both an investor and developer, Aquila Group remains dedicated to driving long-term value creation and advancing solutions that contribute to a more sustainable future. Aquila Group’s portfolio spans investment management, industrial clean energy development and independent power production (IPP) across Europe and the Asia-Pacific region, as well as ventures in data centres, green logistics and Spanish residential real estate. With over EUR 25 billion in transactions and EUR 15 billion in assets under management, the company has established a solid track record.
With around 700 employees across 19 offices globally, Aquila Group remains committed to avoiding 1.5 billion tonnes of CO2 equivalents across its portfolio’s lifetime by 2035.
Further information: www.aquila-group.com

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The acquisition of ROITI supports Dataciders to expand its customer base in DACH and reinforces its expertise in the energy & utility sector

Rivean

Next step towards competence expansion and internationalization:

  • By acquiring ROITI, Dataciders expands its customer base within the energy & utility market in the DACH region
  • ROITI strengthens Dataciders’ expertise in the energy sector with a focus on energy trading and risk management systems and adjacent fields
  • Fourth acquisition since Rivean Capital’s entry in January 2024

28 October 2024

Dortmund/Sofia (Bulgaria). With the acquisition of the Bulgaria-based full-service consultancy ROITI, Dataciders further expands its position as a leading provider of Data & AI solutions in the DACH region. ROITI offers end-to-end Data & AI consulting services with a specialized focus on energy trading and risk management (ETRM) systems and adjacent fields.

The acquisition supports Dataciders (i) to further expand its customer base within the energy & utility market in the DACH region and beyond, and (ii) to strengthen its position in the ETRM field.

ROITI brings an experienced team of more than 90 consultants and engineers, primarily serving enterprise customers in Europe, with a focus on Germany and Switzerland. Through its deep expertise with the Endur and Molecule platforms, ROITI also expands Dataciders’ existing technology stack, especially in the field of ETRM.

“The impressive development of ROITI from a small team with deep domain expertise to a leading services provider in energy trading not only demonstrates the company’s successful growth but also reflects the increasing demand for innovative Data & AI solutions in the energy sector. This acquisition underscores our commitment to meet the evolving market requirements and provide tailored solutions that help our clients to enhance their efficiency and remain competitive. At the same time, this growth strategy strengthens our position as a leading provider of Data & AI in an increasingly data-driven environment,” says Dr. Gero Presser, CEO of Dataciders.

Rivean Capital’s buy-and-build strategy

Matthias Wilcken, Senior Partner at Rivean Capital, explains: “The acquisition of ROITI is another consistent step in the buy-and-build strategy for Dataciders. This acquisition strengthens Dataciders’ vertical diversification and further drives the internationalization roadmap through customer base expansion, esp. in Switzerland. We look forward to leveraging further advancing growth opportunities in this dynamic market.”

Strengthening of the market presence

With the acquisition of ROITI, Dataciders expands its presence in the energy & utility sector, a market characterized by significant growth and increasing requirement for energy trading systems. ROITI’s strong customer network, particularly in Germany and Switzerland, complements Dataciders’ international growth strategy in the DACH region. ROITI is headquartered in Sofia, the capital of Bulgaria, which is also home to Dataciders Catenate BG.

Ventsislav Topuzov, Managing Partner of ROITI, emphasizes: “The merger with Dataciders offers us three key opportunities: access to new and larger clients, access to new competencies, and more possibilities for scaling our business. We can achieve these goals alongside like-minded individuals with diverse backgrounds and experiences, allowing us to challenge each other and improve together.”

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About Rivean Capital
Rivean Capital is a leading European private equity investor for mid-market transactions, active in the DACH region, the Benelux countries, and Italy. Funds advised by Rivean Capital manage over EUR 5 billion in assets. Since its inception in 1982, Rivean has supported more than 250 companies in realizing their growth ambitions and has a strong track record of supporting and scaling successful high-tech businesses with cross-border growth agendas, including footprint expansions and operational excellence trajectories. Headquartered in Amsterdam, Netherlands, Rivean Capital also has offices in Brussels, Frankfurt/Main, Milan, and Zug, enabling a strong local presence across key European markets.

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Oakley Capital invests in Assured Data Protection

Oakley

Oakley Capital, a leading pan-European private equity investor, is pleased to announce that Oakley Capital Fund V is investing in Assured Data Protection (‘Assured’), a Managed Services Provider (‘MSP’) focused on Backup, Disaster Recovery and Cyber Resiliency as a Service. The transaction is subject to regulatory approvals.

 

Key facts

PB data managed

120

Expected market growth (5 years)

c.5x

Recurring revenues

c. 100%

Founded in Leeds, UK and Virginia, US in 2016 by serial tech entrepreneur Simon Chappell and four co-founders, Assured uses Rubrik software and Assured’s own proprietary software platform to provide mission-critical backup and disaster recovery services for companies globally. Assured enhances its customers’ cyber resilience by protecting their data and ensuring business continuity, with near-zero server recovery time in the event of a significant IT failure or cyber-attack.

Assured operates in a high growth segment of the disaster recovery space which is expected to expand almost 5x over the next five years, as companies’ data architecture becomes more complex and as the prevalence and severity of cyber threats grows. Rubrik, the technology Assured leverages, provides a next generation software solution that is growing rapidly as it displaces legacy providers.

Cyber Image

Assured has generated consistently high double-digit growth with almost 100% recurring revenues and low customer churn thanks to growing demand for its products and services.

Oakley will support Assured’s management team to capitalise on strong growth in its underlying markets including the US, with a focus on providing the required capital and organisational structures to enable sustained organic growth. Given Assured’s significant hosting infrastructure, this is also an opportunity to leverage Oakley’s extensive hosting experience. The five co-founders including Simon Chappell will remain invested in Assured and will continue to manage the business.

This will be Oakley’s seventh new investment announced or completed in 2024, extending a period of significant activity for the Firm and continuing a strategy of partnering with exceptional founders. It also follows recent investments in software businesses including cybersecurity provider I-TRACING (Fund V), logistics and transport SaaS provider Alerce (Origin I), medical software business Horizons Optical (Origin I) and broadband open access platform vitroconnect (Origin II).

Quote Peter Dubens

This is a rare opportunity to invest behind a proven team that has built a business that will benefit from several structural tailwinds and has an attractive business model that is differentiated and scalable. Assured is an IT services business with strong organic growth and recurring revenues, genuine IP, and led by exceptional founders. We’re pleased to be partnering with Simon and his team as they leverage the significant opportunities in a fast-growing market.

Peter Dubens

Co-Founder and Managing Partner — Oakley Capital

Quote

More and more companies are having to strengthen their IT and data systems in the face of increased cyber and ransomware attacks that can cripple operations. Assured is well-placed to help mitigate these risks as the partner of choice for small and medium-sized enterprises. We were looking for a genuine partner that could help us scale our business and were impressed by Oakley’s track record of helping build €1bn+ global industry leaders and equally the firm’s entrepreneurial ethos and approach. We look forward to working with the team to further strengthen Assured’s market-leading position.

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Hubexo unveils company rebrand and new leadership structure

Stirling Square

Stockholm, 1 October 2024 Byggfakta Group has rebranded as Hubexo, unifying the organisation into a single brand and reaffirming the Firm’s commitment to driving innovation and growth within the global construction industry. While product brands like BCI, NBS, and Vortal will retain their names, they will adopt new visual identities aligned with Hubexo. The reorganisation includes a streamlined leadership structure, with regional Presidents overseeing operations across APAC, Europe, North America, and the UK. CEO Dario Aganovic emphasised the company’s focus on shaping the future of construction with sustainable solutions. Hubexo will focus on its core construction data and software business, with non-construction operations being spun off into a separate entity. The full rebranding is set to be completed by Q2 2025.

A link to the Hubexo announcement can be found here: https://hubexo.com/news/byggfakta-group-becomes-hubexo/

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P95 Acquires Assign DMB, Expanding Data Management and Biostatistics Services

Ampersand

Leuven, Belgium, September 5, 2024 /PR Newswire/ – P95 BV (“P95”), a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases, is excited to announce the acquisition of Assign DMB. Founded by current CEO Anton Klingler in 2005, Assign DMB stands at the forefront of clinical research organisations (CROs) in Austria and is renowned for its exceptional clinical data management and biometrics services, particularly in the areas of infectious diseases and vaccines. Backed by Ampersand Capital Partners, a global investment firm with offices in Boston and Amsterdam, P95 is proud to raise the bar in leading innovation and excellence in clinical research globally with this acquisition.

Thomas Verstraeten, CEO of P95 comments, “It is with great pleasure that we welcome Anton and his team to the P95 family. Assign DMB is a world class leader in the areas of data management and biostatistics. By combining forces, we further enhance our capacity to implement both clinical and non-interventional studies, with a continued focus on vaccines and infectious diseases. Like us, Assign DMB has supported studies in various regions worldwide. Our combined global expertise enables us to deliver our services at any location worldwide, including underserved and developing countries.”

Anton Klinger, CEO of Assign DMB adds, “I am delighted to join forces with P95. This acquisition is a significant milestone for Assign DMB, and I am confident that our combined expertise will enable us to deliver even greater value to our clients. Together, we will continue to strive for excellence in clinical research.”

 

 

 

About P95

P95 is a leading global provider of epidemiology and clinical solutions with a specialty focus on vaccines and infectious diseases. Headquartered in Belgium, P95 has regional hub offices in Africa (South Africa), Latin America (Colombia), North America (USA) and Southeast Asia (Thailand). P95’s full-service CRO solutions span 5 continents, with 300 staff and experience across 30 countries. P95 offers a range of high-quality services including clinical trials Phase I-IV, epidemiology and real-world evidence, vaccine development consulting, study start-up and regulatory, clinical monitoring, home nursing, sample management, medical monitoring, pharmacovigilance, data management, biostatistics, medical writing and qualitative research.

About Assign DMB

Assign DMB is one of the leading clinical research organisations in Austria offering a broad range of services for all phases of clinical trials. Based in Innsbruck, Assign DMB has more than 20 years of experience managing clinical studies. Assign DMB’s services are tailored to the sponsors’ individual needs and include data management, biostatistics, and medical writing as well as safety management and medical monitoring.

About Ampersand Capital Partners

Ampersand Capital Partners, founded in 1988, is a middle-market private equity firm with $3 billion of assets under management, dedicated to growth-oriented investments in the healthcare sector. With offices in Boston, MA, and Amsterdam, Netherlands, Ampersand leverages a unique blend of private equity and operating experience to build value and drive long-term performance alongside its portfolio company management teams. Ampersand has helped build numerous market-leading companies across each of the firm’s core healthcare sectors. For additional information, visit Ampersandcapital.com or follow us on LinkedIn.

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Blackstone Announces Agreement to Acquire AirTrunk in a A$24B Transaction

Blackstone

Sydney – September 4, 2024 – Funds managed by Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board (“CPP Investments”), have entered into a definitive agreement to acquire AirTrunk, the leading Asia Pacific data center platform, from Macquarie Asset Management and the Public Sector Pension Investment Board, for an implied enterprise value of over A$24 billion1. This represents Blackstone’s largest investment in the Asia Pacific region. The transaction is subject to approval from the Australian Foreign Investment Review Board.

AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.

Jon Gray, President and Chief Operating Officer of Blackstone, said: “This is Blackstone at its best – leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power and related services.”

Sean Klimczak, Global Head of Blackstone Infrastructure and Nadeem Meghji, Global Co-Head of Blackstone Real Estate, said: “Digital infrastructure is experiencing unprecedented demand driven by the AI revolution as well as the broader digitization of the economy. Prior to AirTrunk, Blackstone’s portfolio consisted of US$55 billion of data centers including facilities under construction, along with over US$70 billion in prospective pipeline development. We look forward to partnering with the outstanding AirTrunk management team to further accelerate its growth.”

Robin Khuda, Founder and Chief Executive Officer of AirTrunk, said: “This transaction evidences the strength of the AirTrunk platform in a strong performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia Pacific. We look forward to working with Blackstone and CPP Investments and benefitting from their scale capital, sector expertise and valuable network across the various local markets, which will help support the continued expansion of AirTrunk.”

It is expected that there will be approximately US$1 trillion of capital expenditures in the United States over the next five years to build and facilitate new data centers, with another US$1 trillion of capital expenditures outside the United States. Blackstone is capitalizing on this movement as a leading investor globally in data centers. Blackstone has invested in both the debt and equity of other data center companies, including as owner of QTS, the fastest growing data center company in the world, Coreweave and Digital Realty. Blackstone is also focused on addressing the sector’s power needs in many differentiated ways, including as an investor in power and utility companies, such as Invenergy, the largest independent renewables developer in the United States.

1 Including capital expenditure for committed projects

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than US$1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone Media Contacts
Mariko Sanchanta
Blackstone
mariko.sanchanta@blackstone.com | +852 3656 7738

Hayley Morris
MorrisBrown Communications Pty Ltd
hayley@morris-brown.com.au | +61 407 789 018

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Revelstoke Capital Partners Announces Significant Growth Investment in MediQuant

Revelstroke Capital Partners

DENVER and INDEPENDENCE, Ohio, Sept. 4, 2024 /PRNewswire/ — Revelstoke Capital Partners (“Revelstoke”), a healthcare-focused private equity firm, today announced a significant growth investment in MediQuant, LLC (“MediQuant” or the “Company”), a leader in cloud-based data archiving and interoperability solutions for hospitals and health systems. MediQuant is the seventh investment from Revelstoke Capital Partners Fund III. Terms of the transaction were not disclosed.

MediQuant’s flagship product, DataArk®, allows health systems to maintain access to relevant clinical, financial, and administrative data, ensuring that valuable data required for patient care and compliance is secure and within reach. MediQuant’s platform applications are secure, intuitive, and scalable, providing an active view of patient records from within existing systems. This allows customers to reduce security risks and costs by eliminating redundant software applications. MediQuant has successfully rationalized more than 3,300 clinical, financial, and administrative applications since inception.

“MediQuant was founded by pioneers in the data management industry 25 years ago, and the work we do to preserve critical healthcare data has never been more important. As a result, demand for our solutions has grown significantly, and our enterprise-grade, HITRUST r2-certiied offering continues to resonate with health system customers,” said Jim Jacobs, CEO of MediQuant. “We are thrilled to partner with Revelstoke to accelerate MediQuant’s growth.”

“Provider data management has been an active investment theme for Revelstoke. MediQuant has built a differentiated platform that helps healthcare providers better manage data while achieving a tangible return on investment through reducing application spend, maintaining compliance with regulatory requirements, and increasing physician satisfaction,” said Andrew Welch, Partner at Revelstoke.

“We are excited to build on MediQuant’s leading platform and expand its scope of customers and capabilities,” added Michael Temple, Vice President at Revelstoke.

MediQuant was advised by Harris Williams and Ropes & Gray LLP. Revelstoke was advised by OM Partners, LLC and McGuireWoods LLP.

About MediQuant
Founded in 1999, MediQuant is a leader in enterprise active archiving and interoperability solutions for hospitals and health systems. The Company’s flagship product, DataArk, allows health systems to maintain access to relevant clinical, financial, and administrative data, ensuring that valuable data required for patient care and compliance is within reach. With decades of experience successfully executing data conversions and archives across virtually all major EMR, EHR, ERP and Patient Accounting software vendors, MediQuant serves 250+ individual health systems, which represent more than 1,100 hospital and physician practice customers. For more information, visit www.mediquant.com.

About Revelstoke Capital Partners
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies in the healthcare services, healthcare technology, and health and wellness sectors. Revelstoke partners with entrepreneurs and management teams to execute a disciplined organic and acquisition growth strategy as it strives to build exceptional companies. Revelstoke is based in Denver, Colorado and has approximately $5.1 billion of assets under management. Since the firm’s inception in 2013, Revelstoke has completed 191 acquisitions, which include 28 platform companies and 163 add-on acquisitions.
www.revelstokecapital.com

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AVP Investment Thesis – Finbourne

AXA

AVP and Highland Europe recently co-led a Series B investment in Finbourne, a cloud native, investment and data management platform. The software market for large asset managers is dominated by large, legacy incumbents and it is becoming increasingly critical for financial institutions to upgrade their legacy systems to remain competitive in a dynamic and ever evolving environment.

Financial markets are often assumed to be some of our most technologically advanced but we found the reality to be quite different as we dug deeper. Over the last few decades asset management has significantly increased in complexity with the proliferation of asset classes, globalization and increased reporting requirements for reasons of transparency or regulation. In an effort to keep pace asset managers have stitched together disparate technology solutions into a patchwork quilt sewn with COBOL and spreadsheets.

As technology teams are asked to stretch this to accommodate new requirements such as ESG reporting or to provide data to train AI models things are reaching a breaking point for many of the largest asset managers. Painful, manual data extractions and reconciliations between systems that were never designed to talk to another have also been driving up costs. At the same time innovation has been restrained by the high complexity of solutions and the business risk if a systems change was to impact on the end customers.

Finbourne solves these problems with an end-to-end platform built on a unified data model across asset classes. The Operational Data Store brings all assets under a single pane of glanss and they provide a suite of models, analytics and products built for financial institutions. Building upon their success at the infrastructure layer they now offer best in class portfolio management systems, an investment book of record (IBOR) and an accounting book of record (ABOR). Core to the success of the solution have been their bidirectional data pipelines to other software and data repositories at their clients. To pursue the earlier metaphor, Finbourne allows clients to replace one patch at a time without ever needing to leave a hole and giving a migration path away from the legacy systems and towards a single source of the truth across assets.

This great technology could only come from a great team, here led by Tom McHugh who cofounded the company in 2016. Having worn both the CEO and the CTO hats Tom has a rare blend of commercial and technical skills and under his direction we believe Finbourne will become the market leader in the space. We’re excited to partner with Finbourne on their journey to setting the new standard in asset management technology.

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ZEMA Global Data Corporation Secures Significant Growth Equity Investment from FTV Capital

FTV Capital

Industry veteran Andrea Remyn Stone named as CEO to drive business expansion for leading enterprise data and analytics platform serving the energy and commodities industry

Vancouver, British Columbia – July 9, 2024 – ZEMA Global Data Corporation (formerly ZE PowerGroup), a leading provider of enterprise data management and analytics for the commodity and energy sectors, today announced it has secured a significant growth equity investment from FTV Capital, a sector-focused growth equity investment firm with a successful 25+-year track record of investing in enterprise and financial technology. Formerly known as ZE PowerGroup, the company has been renamed ZEMA Global Data Corporation to reflect its position in the highly dynamic global energy and commodities market.  FTV Capital’s investment will enable ZEMA to expand its global presence and serve a rapidly growing customer base as the energy transition fuels demand for increasingly complex data and analytics.

Alongside FTV Capital’s investment, ZEMA also announced the appointment of Andrea Remyn Stone to the role of chief executive officer, effective immediately. Most recently, Stone was the CEO of the data and analytics division of the London Stock Exchange Group (LSEG), where she accelerated the growth of its data and analytics division (formerly Refinitiv) while reshaping the business portfolio and refocusing large scale data and desktop platforms. Stone led transformations with several global fintech organizations including Bloomberg, S&P Global, Dealogic and ION. In 2022, she was named to the inaugural TabbFORUM 40 Top Innovators in Financial Markets.

Dr. Zak El-Ramly, founder and former CEO of ZEMA, will remain actively involved in the business, assuming the role of chairman of ZEMA and working alongside Stone to continue driving the company’s vision and strong growth trajectory.

“Andrea’s immense expertise and proven track record of growing and scaling innovative data companies make her an excellent fit to chart our next chapter of growth,” said Dr. Zak El-Ramly, founder of ZEMA Global Data Corporation. “With FTV’s investment, we gain not only vital growth capital but also a partner that brings value-added insights and a vast network to help us deliver our award-winning platform to an expanding global customer base across multiple industries.”

ZEMA is a trusted provider of enterprise data and analytics solutions to large multi-national organizations, enabling them to unlock the full potential of their energy and commodities data. ZEMA’s suite of solutions offers highly configurable data management and curve analytic solutions that eliminate complexity and expense while automating mission critical workflows that drive high-value decisions surrounding physical and financial commodity and energy needs. In its next expansion phase supported by FTV Capital’s investment, ZEMA will broaden its capabilities and customer support worldwide, advance product development and further innovate its analytics and automation solutions.

“ZEMA’s long standing reputation for high quality and integrity has earned industry awards and top rankings, supported by a culture with a passion for data and deep trust in its people,” said Stone. I’m excited to pursue opportunities to deepen our analytics offering and enhance our services to better serve clients and to help the industry realize its potential in this next chapter of growth ahead.”

“As the global energy transition accelerates, there is a growing demand for solutions like ZEMA’s,” said Robert Anderson, partner at FTV Capital. “We have long admired Andrea’s industry leadership and look forward to collaborating with her and the rest of the ZEMA management team as they expand their business to better serve the multi-trillion-dollar energy and commodities trading industry.”

“ZEMA has established itself as a leading provider of enterprise data and analytics solutions that automate workflows and deliver tangible ROI for customers,” said Brent Fierro, principal at FTV Capital. “We’re excited for the opportunity to partner with ZEMA to help the company meaningfully scale, invest in customer-centric initiatives and further solidify its strong offering in the market.”

Alongside existing board members Dr. Zak El-Ramly (chairman), Aiman El-Ramly and Nader El-Ramly, as part of this growth investment, Robert Anderson, partner at FTV Capital, Brent Fierro, principal at FTV Capital, Payam Vadi, vice president at FTV Capital, and Andrea Remyn Stone (CEO), joined ZEMA’s board of directors.

D.A. Davidson served as exclusive strategic and financial advisor to ZEMA Global Data Corporation. Financial terms were not disclosed.

About ZEMA Global Data Corporation

ZEMA Global Data Corporation is a leading provider of data, analytics and curve solutions, empowering organizations to harness the power of data for informed decision-making and strategic growth. With a commitment to innovation and client success, ZEMA delivers unparalleled value to its global clientele.

About FTV Capital

FTV Capital is a sector-focused growth equity investment firm that has raised $6.2 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in over 140 portfolio companies,  including BillingPlatform, Derivative Path, EBANX, Kore.ai, ReliaQuest, True Potential and Vagaro, and successfully exited/partially exited companies including CardConnect (acquired by First Data), Centaur (acquired by Waystone Group), Egress (acquired by KnowBe4), Enfusion (NYSE: ENFN), Globant (NYSE: GLOB), InvestCloud (recapitalized), Strata Fund Solutions (acquired by Alter Domus), VPay (acquired by Optum) and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco, New York, Connecticut and London. For more information, please visit www.ftvcapital.com and follow the firm on LinkedIn.

Media Contacts:

Prosek Partners on behalf of FTV Capital
Alexa Ottenstein
pro-ftvcapital@prosek.com
646-818-9051

ZEMA Global Data Corporation
Michelle Mollineaux
michelle.mollineaux@ze.com

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CDPQ supports expansion of Vantage Data Centers’ Québec City Campus

Cdpq

DPQ, a global investment group, today announced an agreement to provide USD 75 million (CAD 103 million) as part of a senior financing to Vantage Data Centers, a leading global provider of hyperscale data centers1, to support the expansion of its Québec City Data Center Campus, QC2. This new investment will finance the construction of the third facility on the four-building campus and will deliver an additional 16MW of IT capacity to serve increasing demand for cloud services across Québec and Eastern Canada. The total USD 130 million (CAD 179 million) credit facility was structured and underwritten by Societe Generale.

Strategically located in Québec’s National Capital region, the hyperscale data center is currently under construction by Pomerleau Inc., one of Canada’s leading construction companies. Once fully developed, the 925,000-square-foot (86 000-square-metre) Québec City Data Center Campus will generate 86MW of total combined IT capacity, and deliver reliable and efficient high computing power to Vantage’s global top-tier customers.

“The surge in data-intensive technologies and cloud service adoption is reshaping the North American digital infrastructure market. Vantage Data Centers is in a leading position to seize this opportunity due to its vast experience in data center buildout and operations, and longstanding customer relationships,” said Marc Cormier, Executive Vice-President and Head of Fixed Income, CDPQ. “This new investment in Vantage leverages CDPQ’s global experience in financing critical digital infrastructure to support the delivery of this important local project.”

“CDPQ’s investment will play a crucial role in our expansion in Québec City and in fueling our capacity to deliver high-quality digital infrastructure in the region,” said Maxime Guévin, Senior Vice-President and General Manager of Canada, Vantage Data Centers. “We’re excited to complete this facility in the Spring of 2025, and to deepen our partnership with CDPQ to meet the growing demand for advanced cloud services in Eastern Canada.”

“We are pleased to partner with CDPQ and to provide a tailored financing solution to support this expansion by Vantage Data Centers in Québec”, said Valtin Gallani, Head of Digital Infrastructure Finance and Advisory, Societe Generale.

CDPQ’s growing footprint in financing digital infrastructure
In addition to this investment in Vantage Data Centers’ Québec City campus, earlier this year, CDPQ invested in Vantage Data Center’s EMEA platform serving key markets in Europe and participated in the USD 7.5-billion debt financing facility to support the growth of AI hyperscaler CoreWeave.

1 Hyperscale data centers are typically leased to organizations that operate massive-scale cloud and AI infrastructure to support their business operations.

ABOUT CDPQ

At CDPQ, we invest constructively to generate sustainable returns over the long term. As a global investment group managing funds for public pension and insurance plans, we work alongside our partners to build enterprises that drive performance and progress. We are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2023, CDPQ’s net assets totalled CAD 434 billion. For more information, visit cdpq.com, consult our LinkedIn or Instagram pages, or follow us on X.

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