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Press Release -- June 1st, 2023
Source: nlighten

nLighten acquires Euclyde Data Centers, a leading edge data center platform in France

With the network of the high-quality Euclyde data centers, nLighten strengthens its presence in the important French market

nLighten expands into France (Image source: Unsplash / Licence: For free use, no need to indicate the source of the image)

Frankfurt am Main, Germany, 01.06.2023 – nLighten, a digital infrastructure platform of I Squared Capital through its ISQ Global Infrastructure Fund III, has acquired Euclyde Data Centers (“Euclyde”), a leading French regional platform with six, carrier-neutral data centers in Sophia Antipolis, Lyon, Strasbourg, Besançon and Paris.

Along with nLighten’s existing operations in Germany, the acquisition of Euclyde establishes the nLighten platform in two of Europe’s core data center markets.  France is a compelling choice for extending nLighten’s footprint as it is a mature market with large economic regions that could benefit from more localized data centers. Euclyde’s nationwide network of high-quality data centers, strong reputation and agility make it well suited for this accelerating shift to the edge. Euclyde also has a strong track record of entering new regional markets in France through accretive greenfield and M&A transactions, which nLighten will seek to further accelerate.

Euclyde’s distributed asset base is well-aligned with nLighten’s strategy to integrate data centers into the data and energy infrastructure of regional markets. In particular, the low greenhouse gas intensity of the French energy market presents a strong operational synergy with nLighten’s ambition to reduce its environmental footprint.

Amidst evolving data sovereignty standards within Europe, nLighten intends to retain operational leadership of the data centers in country and places high importance on their identification with the French market.

“With this acquisition, we are taking another step towards our goal of creating a leading pan-European edge data center platform. Euclyde is an excellent fit with our strategy, and the existing management team, employees and assets are a solid base for our ambitions in France,“ said Harro Beusker, co-founder and CEO of nLighten.

“We are delighted to have concluded this agreement with I Squared Capital and nLighten. Through its pan-European vision, and I Squared Capital’s financial support, nLighten brings to Euclyde the means to become the leader in the French edge data center space,” said Magdi Houry, founder and majority owner of Euclyde.

DC Advisory served as financial advisor and Askesis served as legal advisor to the sellers. Reinhart Marville Torre served as legal advisor to nLighten.

About Euclyde Data Centers

Founded in 2009 and headquartered in Antibes, France, Euclyde Data Centers owns and operates six, carrier-neutral data centers in Sophia Antipolis, Lyon, Strasbourg, Besançon and Paris.

About nLighten

nLighten is a digital infrastructure platform of I Squared Capital through its ISQ Global Infrastructure Fund III. We are developing innovative edge data centers distributed across European key economic hubs to provide best-in-class network access to regional, national and global enterprises, private users and the mobile workforce.

With the strategic distribution of its edge data centers, nLighten is working towards having a pan-European presence in all major cities and providing to customers and partners access to low latency and proximity to end users across Europe. The nLighten edge data centers are designed to meet the increasing demand for faster and more reliable data processing and storage, while also being mindful of environmental impact.

nLighten was founded in 2021 by a core team with many years’ experience and wide-ranging expertise in the data center sector. The team’s main motivation was to create the next step for the data center industry and align edge data centers with the green transition.

nLighten’s goal is to set up and operate multiple leading edge data center platforms in Europe.

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About I Squared Capital

I Squared Capital is an independent global infrastructure manager with over $37 billion in assets under management focused on investing in North America, Europe, Asia, and Latin America. Headquartered in Miami, the firm has more than 215 professionals across its offices in Miami, Hong Kong, London, New Delhi, Singapore, Taipei, and Sydney. I Squared Capital has invested in a diverse portfolio of 72 companies in 59 countries across the utilities, energy, digital infrastructure, transport, environmental infrastructure, and social infrastructure sectors, with over 27,000 employees and providing essential services to millions of people around the world.

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