Investment Summary

Safanad and Industry Capital Invest In Element Critical

On August 3, 2016, asset manager Safanad and private equity firm Industry Capital invested in information technology company Element Critical

Investment Highlights
  • This is Safanad’s 1st and Industry Capital’s 1st transaction in the Information Technology sector.
  • This is Safanad’s 1st and Industry Capital’s 1st transaction in the United States.
  • This is Safanad’s 1st and Industry Capital’s 1st transaction in Virginia.

Investment Summary

Date 2016-08-03
Target Element Critical
Sector Information Technology
Investor(s) Safanad
Industry Capital
Deal Type Growth Capital
Advisor(s) Perkins Coie (Legal)

Target

Element Critical

Vienna, Virginia, United States
Element Critical owns and operates regulated data centers delivering a basic formula; fiber connectivity, high power and efficient cooling, retail and wholesale services, and metered power down to a single circuit. Element Critical's first facility is a large carrier neutral, network dense and cross connect friendly Tier III data and compute center with over 8 MW of IT load in the heart of Silicon Valley. Element Critical is based in Vienna, Virginia.

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Investor(S) 2

Investor
DESCRIPTION

Safanad is a global principal investment firm focused on long-term investments in healthcare, education, student housing, suburban offices, automotive supply chain, and data centers. Safanad was established in 2009 and is headquartered in Dubai.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Rimstock

West Bromwich, United Kingdom

Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock was founded in 1985 and is based in West Bromwich, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-05 Rimstock

West Bromwich, United Kingdom

Rimstock is a manufacturer of cast and forged aluminum automotive wheels in the United Kingdom for the automotive aftermarket and original equipment manufacturers. Rimstock was founded in 1985 and is based in West Bromwich, United Kingdom.

Sell -
Investor

Industry Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 3.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Industry Capital is an alternative investor in fund management companies. The Firm looks for opportunities in financial services and real estate. Target companies are generally market leaders, 'or are on the trajectory to become' leaders. Target transaction situations include management-led buyouts, strategic equity investments, equity private placements, consolidations and buildups, and growth capital financings. Industry Capital is stage and industry agnostic and will consider control and minority positions. IC looks to commit $2 to $25 million per transaction. Industry Capital is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Virginia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1