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STAR Capital sells Datacenter One to AtlasEdge following strong growth and development under STAR’s ownership

10 October 2022

STAR Capital (“STAR”) has reached an agreement to sell Datacenter One (“DC1”), a leading independent data centre provider, to AtlasEdge, a pan-European data centre provider. The consideration for the transaction is not disclosed and the transaction is subject to customary regulatory approvals.

STAR acquired a majority stake in DC1 (formerly known as Globalways AG) in August 2016 and initially committed, in partnership with the founders, c. €60 million of growth capital for the company’s expansion into the German regional market.    

As part of the strategy STAR and management set out to establish DC1 as a leading pure play colocation provider in Germany, separating and selling the hosting and metro connectivity divisions in 2019 and 2020 respectively. With its state-of-the-art new build modular facilities focused on security and energy efficiency in underserved regions, the business benefits from a robust long-term trend of increasing data centre demand. 

As a consequence, DC1 has shown strong growth with built space growing by 330% under STAR’s ownership, and is now well positioned for the future with a distinctive and highly energy efficient data centre offering.

DC1’s senior management team, with its deep knowledge of the German market and strong track record of successful development, will remain unchanged following the transaction. Wolfgang Kaufmann, CEO of DC1, will also be joining AtlasEdge’s management team.

Jefferies acted as financial advisor and King & Wood Mallesons acted as legal counsel to STAR.

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STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

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