VIRTUS Data Centres Acquisition, Valuation, Funding & Investors

VIRTUS Data Centres was acquired by ST Telemedia Global Data Centres in October 2017.

VIRTUS Data Centres acquisition price

Undisclosed

Acquired by ST Telemedia Global Data Centres · Oct 2017

Cumulative funding VIRTUS Data Centres raised

$81M

across 3 funding rounds

Key investors in VIRTUS Data Centres

VIRTUS Data Centres Overview

About VIRTUS Data Centres

VIRTUS Data Centres is a United Kingdom data-centre developer and operator headquartered in London. Founded in 2008, it designs, builds and runs carrier-neutral facilities for organisations that need secure, resilient and scalable digital infrastructure. Its campuses provide colocation space, high-density power, cooling, connectivity and technical support for cloud, artificial-intelligence and enterprise computing workloads. Customers include hyperscalers, network and content providers, financial-services firms and other organisations operating mission-critical systems. VIRTUS earns recurring revenue from contracted capacity, power and colocation services, supplemented by connectivity and support fees. The company focuses on energy-efficient facilities, operational availability and access to network ecosystems around the London market while developing additional capacity. It is backed by ST Telemedia Global Data Centres, which first invested in 2015 and later acquired control.


Founded

2008

HQ

United KingdomLondon

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$665M (Sep 2014)

VIRTUS Data Centres Acquisition

VIRTUS Data Centres was acquired by ST Telemedia Global Data Centres for an undisclosed price on 5 October 2017.

Before the acquisition VIRTUS Data Centres had raised $81M across 3 funding rounds.

ST Telemedia Global Data Centres announced on October 5, 2017 that it had acquired Brockton Capital's entire remaining interest in VIRTUS Data Centres. The purchase followed STT GDC's initial 49% investment in 2015 and made VIRTUS a controlled subsidiary within the global data-centre group. During the two-year partnership, VIRTUS had expanded from two operating facilities to four and had announced additional developments near Stockley Park. The company provided high-density, efficient and interconnected colocation infrastructure to enterprise, cloud and network customers in the London market.

VIRTUS Data Centres acquisition details
AcquirerDateType
5 Oct 2017Strategic M&A

Sources: sttelemedia.com, sttelemedia.com

VIRTUS Data Centres Valuation

VIRTUS Data Centres is currently valued at $665M, based on its undisclosed-stage round in September 2014.

The $81M round included Brockton Capital, Deutsche Bank and LMS Capital.

VIRTUS Data Centres valuation by funding round

VIRTUS Data Centres valuation by funding round
DateStageValuation
Sep 2014Undisclosed stage$665M

VIRTUS Data Centres Funding History

VIRTUS Data Centres has raised a total of $81M across 3 funding rounds.

VIRTUS Data Centres' first fundraising round was a $81M undisclosed-stage round in September 2014. The most recent completed round was a undisclosed-stage round in August 2022.

VIRTUS Data Centres funding rounds

VIRTUS Data Centres funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Undisclosed stageMacquarie Asset Management--Macquarie Asset Management, investing through Macquarie European Infrastructure Fund 7, agreed to acquire a significant minority stake in VIRTUS Data Centres from ST Telemedia Global Data Centres, which remains the controlling shareholder. Terms were not disclosed. The partnership was framed around scaling the UK platform and expanding into continental European markets including Germany, Italy, Spain and Poland, with close to £2 billion of investment planned over five years.
Jun 2015Strategic investmentST Telemedia Global Data Centres--ST Telemedia announced on June 24, 2015 that wholly owned ST Telemedia Global Data Centres would acquire a 49% interest in VIRTUS Data Centres through a joint venture with existing owner Brockton Capital. STT GDC's corporate history identifies the investment as completed in June, confirming that the equity transaction closed. VIRTUS was a fast-growing UK colocation provider operating efficient, high-density and interconnected London facilities for enterprise, cloud and network customers. The investment supplied growth capital to expand the company's UK footprint and gave STT GDC a strategic entry into the London data-centre market. Financial terms were not disclosed and no amount or implied valuation is recorded. STT GDC later bought Brockton's remaining stake in a separate 2017 control transaction, which is reported independently because it represented a distinct acquisition event.
Sep 2014Undisclosed stageBrockton Capital; Deutsche Bank; LMS Capital$81M$665MVIRTUS Data Centres is a UK-based provider of flexible, efficient colocation and bespoke data centre services, focusing on high-density, Tier III facilities with low PUE ratios in the London market. Brockton Capital invested in VIRTUS starting in October 2011 through its Fund II, committing up to £100 million over five years to support development and operations. In September 2014, VIRTUS secured £50 million in debt funding from Deutsche Bank to accelerate UK expansion and meet demand for intelligent data centres, with ongoing equity support from Brockton Capital. The company grew rapidly post-investment, becoming a leading colocation provider serving major tech firms. In June 2015, ST Telemedia Global Data Centres (STT GDC) acquired a 49% stake, forming a strategic JV with Brockton retaining 51%, enabling further expansion from two to four facilities and plans for London's largest data centre campus near Stockley Park. By 2017, VIRTUS achieved a £500 million platform value, ranking 15th in the Sunday Times Hiscox Tech Track 100 for fastest-growing UK tech firms. STT GDC acquired Brockton’s remaining 51% stake, making VIRTUS a wholly-owned subsidiary to boost European growth, leveraging STT's global network of over 50 data centres.

Who has invested in VIRTUS Data Centres?

5 investors have backed VIRTUS Data Centres across its funding rounds, including Macquarie Asset Management, Deutsche Bank, ST Telemedia Global Data Centres, LMS Capital and Brockton Capital.


VIRTUS Data Centres Investors

Investors in VIRTUS Data Centres by funding rounds participated
InvestorHQRoundsRoleFirst check
Macquarie Asset ManagementAustraliaSydney1ParticipantAug 2022
Brockton CapitalUnited KingdomLondon1ParticipantSep 2014
Deutsche BankGermanyFrankfurt1ParticipantSep 2014

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VIRTUS Data Centres Competitors

VIRTUS Data Centres competitors include listed companies like Bahnhof, Kinx, Northern Data and Phoenix Group, and private ones like TON Provider and Qiniu.

Public and private companies comparable to VIRTUS Data Centres
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
TON ProviderSwitzerlandZurichPrivate--$670M-
BahnhofSwedenSwedenPublicly listed$225M$36M$679M-
KinxSouth KoreaSouth KoreaPublicly listed$118M$38M$629M5.9x
Northern DataGermanyGermanyPublicly listed$90M($35M)$629M-
Phoenix GroupUAEUAEPublicly listed$118M($233M)$730M6.3x
QiniuChinaShanghaiPrivate$208M-$744M3.6x

VIRTUS Data Centres Public Comps

VIRTUS Data Centres is no longer listed, but its public comps include Bahnhof, Kinx, Northern Data, Phoenix Group, SharonAI, Chief Telecom, Edarat Group, HIVE Digital Technologies, Pakistan Telecommunication and POET Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bahnhof$225M$36M2.8x-18.0x-
Kinx$118M$38M5.7x5.9x17.7x19.8x
Northern Data$90M($35M)15.6x-(40.5x)-
Phoenix Group$118M($233M)6.3x6.3x(3.2x)-
SharonAI$2M($36M)540.0x9.5x(23.4x)26.4x
Chief Telecom$120M$58M7.1x6.7x14.7x14.3x
Edarat Group$51M$12M9.6x-40.6x-
HIVE Digital Technologies$298M$27M2.2x1.9x23.9x7.6x

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Common questions about VIRTUS Data Centres

When was VIRTUS Data Centres founded?VIRTUS Data Centres was founded in 2008.
Where is VIRTUS Data Centres headquartered?VIRTUS Data Centres is headquartered in London, United Kingdom.
Is VIRTUS Data Centres publicly listed?No, VIRTUS Data Centres was acquired by ST Telemedia Global Data Centres in October 2017.
Who acquired VIRTUS Data Centres?VIRTUS Data Centres was acquired by ST Telemedia Global Data Centres in October 2017.
What is VIRTUS Data Centres' valuation?VIRTUS Data Centres was last valued at $665M in its undisclosed-stage round in September 2014.
How much funding has VIRTUS Data Centres raised?VIRTUS Data Centres has raised $81M across 3 funding rounds.
What was VIRTUS Data Centres' last funding round?VIRTUS Data Centres' last funding round was a undisclosed-stage round in August 2022.
Who are VIRTUS Data Centres' investors?VIRTUS Data Centres' investors include Macquarie Asset Management, Brockton Capital, Deutsche Bank, ST Telemedia Global Data Centres and LMS Capital.
Which companies are comparable to VIRTUS Data Centres?Companies comparable to VIRTUS Data Centres include TON Provider, Bahnhof, Kinx, Northern Data, Phoenix Group and Qiniu.

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