M&A Deal Summary

3i Infrastructure Acquires Global Cloud Xchange

On November 19, 2021, infrastructure investor 3i Infrastructure acquired communications company Global Cloud Xchange from Värde Partners

Acquisition Highlights
  • This is 3i Infrastructure’s 4th transaction in the Communications sector.
  • This is 3i Infrastructure’s 1st transaction in Bermuda.

M&A Deal Summary

Date 2021-11-19
Target Global Cloud Xchange
Sector Communications
Buyer(s) 3i Infrastructure
Sellers(s) Värde Partners
Deal Type Secondary Buyout

Target

Global Cloud Xchange

Hamilton, Bermuda
Global Cloud Xchange provides high-bandwidth connectivity to a range of blue-chip customers including hyperscalers, telecommunications operators, new media providers, and enterprises. Global Cloud Xchange is based in Hamilton, Bermuda.

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Buyer(S) 1

Buyer

3i Infrastructure

St Helier, Channel Islands

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 3.9B GBP
Size Large
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.


DEAL STATS #
Overall 29 of 31
Sector (Communications) 4 of 4
Type (Secondary Buyout) 9 of 11
Country (Bermuda) 1 of 1
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 DNS:NET Internet Service

Berlin, Germany

DNS:NET Internet Service offers telecommunication, internet, and data center services for private and corporate customers based on their own and leased fiber-based network infrastructure. The data center offering for corporate customers is also based on its own and leased infrastructure in high-security locations at major Internet exchange points. DNS:NET Internet Service was founded in 1998 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 EC Waste

Humacao, Puerto Rico

EC Waste is a fully integrated waste management company that collects, transfers, and disposes of non-hazardous waste. EC Waste is based in Humacao, Puerto Rico.

Buy -

Seller(S) 1

SELLER

Värde Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1993
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 9 of 10
Sector (Communications) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (Bermuda) 1 of 1
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-28 Hotel Barcelona Apolo

Barcelona, Spain

Hotel Barcelona Apolo is an operator of a 4-star hotel that has 314 rooms and conference facilities for up to c.800 people across a total built area of over 17,000 square meters. Hotel Barcelona Apolo was founded in 1993 and is based in Barcelona, Spain.

Sell €96M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Trastor

Athens, Greece

Trastor is a real estate investment company that owns a portfolio of 59 real estate assets in Greece with a gross asset value of over €315 million across the retail, office, and logistics sectors, comprising more than 238,000 square meters of total leasable area. Trastor is based in Athens, Greece.

Sell -