Burges Salmon’s Banking team, led by Rachael Ruane and Alistair Rattray, has advised NIBC Bank on the transaction that has seen it finance ServerFarm’s acquisition of a leading 'Enterprise to Public' data centre transformation operator.
The acquisition will see ServerFarm, the innovative data centre developer and operator, integrate 5NINES Global Holdings’ employees, customers, subsidiaries, operations and assets into ServerFarm's global business. This development expands ServerFarm's network to several new locations around Europe and the U.S., while boosting the company's ability to deliver highly effective digital transformations for global enterprises.
Since 2016, UK-headquartered 5NINES Global Holdings has developed unique data centre platforms delivering colocation and managed data centre services. Acquiring data centres owned by global enterprises has delivered back to customers an asset-light, consumption-based service, reducing operating costs and releasing previously stranded spare capacity to the market. 5NINES Global Holdings' rapid success has grown to include operational subsidiaries in the U.S., Finland, the Netherlands and the UK, all of which become part of ServerFarm Global's operations, adopting the ServerFarm brand and operating model.
Ekaterina Kouznetsova, Associate Director Infrastructure & Renewables at NIBC Bank, says: “We are grateful to Rachael, Ali and the Burges Salmon team for their excellent advice that has helped us successfully close this deal. We’re pleased to have partnered with ServerFarm and we look forward to continue working with its management to support their strategic growth areas.”