Transaction summary & highlights
Datacenter One GmbH (“Datacenter One”), a portfolio company of Star Capital, has sold German based Globalways GmbH (“Globalways”) to Relined Fiber Network GmbH (“Relined”), a subsidiary of Netherlands based transmission system operator TenneT.
The acquisition will enable Relined to further expand its German footprint, complement its current service offering and strengthen its existing German fibre optic engagement by adding Globalways’ state-of-the-art metro-network and highly attractive B2B client base in the Stuttgart metropolitan area.
HHP provided full sell-side advise to management and shareholders of Globalways in a competitive, two stage auction process, achieving a successful outcome for the sellers despite the ongoing Covid-19 pandemic.
This marks the second sell-side transaction in the fibre optic infrastructure space HHP advised on in 2020, after already advising on the sale of Northern Access to DBAG, and is a testament of HHP’s strong knowledge and relationships in this space.
Datacenter One operates numerous data centres at various locations across Germany, offering colocation and colo connect services. In addition, Datacenter One plans and builds turnkey data centres.
With more than 15 years of experience, Globalways is the leading independent B2B high-speed connectivity services provider in the Stuttgart metropolitan area, offering internet connections, site network connections as well as data centre links to more than 300 business clients via its more than 350km of fibre network.
Relined is an independent supplier of reliable dark fibre connection in the Netherlands, Germany and Denmark. The company has access to c.30,000km of high-quality fibre optic infrastructure and 2 existing metro-networks in Frankfurt and Amsterdam.