M&A Deal Summary

Ardian Acquires Verne

On November 27, 2023, private equity firm Ardian acquired information technology company Verne from Digital 9 Infrastructure

Acquisition Highlights
  • This is Ardian’s 29th transaction in the Information Technology sector.
  • This is Ardian’s 2nd transaction in Iceland.

M&A Deal Summary

Date 2023-11-27
Target Verne
Sector Information Technology
Buyer(s) Ardian
Sellers(s) Digital 9 Infrastructure
Deal Type Divestiture

Target

Verne

Reykjanesbaer, Iceland
Verne delivers data center solutions for high-intensity computing, engineered for optimal high-performance compute and built upon 100% renewable energy. The company's clean grid and stable climate cuts costs and energy usage, and our expert team provides on-site, around-the-clock support to maximize performance and flexibility for customer workloads. Its Icelandic data center campus powers some of the world's most innovative and demanding industries, including financial services, earth sciences, life sciences, engineering, scientific research, and AI. Verne was founded in 2012 and is based in Reykjanesbaer, Iceland.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 440 of 465
Sector: Information Technology M&A 29 of 30
Type: Divestiture M&A Deals 34 of 34
Country: Iceland M&A 2 of 2
Year: 2023 M&A 12 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 Potter Electric

St. Louis, Missouri, United States

Potter Electric is a designer and manufacturer of mission-critical specialty electronic and electromechanical products for the fire safety industry. Potter Electric was founded in 1898 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Heathrow Airport

Hounslow, United Kingdom

Heathrow Airport is an international gateway and connecting to 234 destinations in over 85 nations and regions. Heathrow Airport was founded in 1946 and is based in Hounslow, United Kingdom.

Buy -

Seller(S) 1

SELLER

Digital 9 Infrastructure

London, United Kingdom

Category Company
Sector Business Services
Revenue 94M GBP (2022)
DESCRIPTION

Digital 9 Infrastructure is a managed closed-ended investment company. The Company will invest in a range of digital infrastructure assets which deliver a reliable, functioning internet, investing in future-proofed, non-legacy, scalable platforms and technologies including (but not limited to) subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks (including 5G). It will focus, primarily, on digital infrastructure investments which are operational and with contracts in place with customers or counterparties where appropriate. Digital 9 Infrastructure is based in London, England.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Iceland M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-06 Verne

Reykjanesbaer, Iceland

Verne delivers data center solutions for high-intensity computing, engineered for optimal high-performance compute and built upon 100% renewable energy. The company's clean grid and stable climate cuts costs and energy usage, and our expert team provides on-site, around-the-clock support to maximize performance and flexibility for customer workloads. Its Icelandic data center campus powers some of the world's most innovative and demanding industries, including financial services, earth sciences, life sciences, engineering, scientific research, and AI. Verne was founded in 2012 and is based in Reykjanesbaer, Iceland.

Buy £231M