- A major Global Data Centre Group (GDC) investee Etix Everywhere has raised $46.8 million to drive down debt and expand in Europe and Southeast Asia
- The investment comes from a new capital partner, Eurazeo, which manages more than €32 billion (A$49.8 billion) in assets
- At the conclusion of the investment, Etix will pay GDC $9.7 million in shareholder loans, which — following the settlement of another loan — will provide the ASX-listed business with $6.7 million in available funds
- GDC shares closed 5.22 per cent higher at 1.21 cents on Friday afternoon
Global Data Centre Group (GDC) investee Etix Everywhere has raised $46.8 million to drive down debt and expand in Europe and Southeast Asia.
The investment comes from a new capital partner, Eurazeo, which manages more than €32 billion (A$49.8 billion) in assets. Eurazeo’s stake in Etix was based on an equity valuation of $116.6 million.
Etix said it would use the funds to reduce debt associated with its acquisition of CIV France, invest in global expansion opportunities, and for general working capital.
“We are thrilled to become a shareholder of Etix alongside GDC, supporting its development in the regional colocation market,” Eurazeo Managing Directo Melissa Cohen said.
“Etix provides high-quality data centre services to local customers, and we are delighted to be supporting their expansion and to assist them in their decarbonisation pathway.
At the conclusion of the investment, Etix will pay GDC $9.7 million in shareholder loans, which — following the settlement of another loan — will provide the ASX-listed business with $6.7 million in available funds
GDC shares closed 5.22 per cent higher at 1.21 cents on Friday afternoon.