Cassiopea Partners advises IRIDEOS
on the acquisition of ENTER S.r.l.
Cassiopea Partners is pleased to announce that acted as exclusive financial advisor to Irideos S.p.A. (“Irideos”) the Italian ICT provider controlled by F2i Fondi Italiani per le Infrastrutture Sgr S.p.A. (“F2i”) (80%) and Marguerite Infrastructure Italy Sàrl (“Marguerite”) (20%) for the acquisition of 100% of the share capital of Enter S.r.l. (“Enter” or the “Company”) (the “Transaction”).
Enter is an Italian operator active in the telecommunication and datacenter market. Enter brings (i) two additional data centers located in the technological hub of via Caldera, in Milan, further strengthening the competitive positioning of Irideos; (ii) an innovative cloud platform based on Openstack, an open source protocol; (iii) an international network with presence in the main PoPs in Madrid, Paris, Frankfurt, Amsterdam, Brussels, London, Stockholm, New York and Hong Kong.
“With this new acquisition”, says Mauro Maia, CEO of Irideos, “our growth path continues, focused on strengthening our assets and skills in the Italian ICT space. A wider portfolio of services is now available forour clients, with new Cloud solutions and international connectivity.”
Irideos aggregates and consolidates the assets and skills of four Italian operators focused on business customers: Infracom, KPNQwest Italia, MC-link, BiG TLC and now Enter. The technological platform of Irideos integrates 12 data centers, in Milan, Rome, Trento and Verona, all connected with proprietary optical fiber.
This is the second transaction Cassiopea Partners closed for Irideos and its shareholders having advised in 2017 on the acquisition of MC-link S.p.A..
F2i, established in January 2007, is the management company (“Società di Gestione del Risparmio” or “SGR”) that set up the largest Italian closed-end investment fund: Fondo Italiano per le Infrastrutture – F2i, dedicated to investments in the infrastructure sector.
Marguerite is controlled by “The 2020 European Fund for Energy, Climate Change and Infrastructure”, a Luxembourg investment fund established by 6 European public financial institutions (Caisse des Dépôts et Consignations, Cassa Depositi e Prestiti, European Investment Bank, Instituto de Crédito Oficial, KfW and PKO Bank Polski) and by the European Commission in order to support capital intensive businesses in the 28 countries of European Union.