Process

Acquisition of DataCenter Finland by Adelis Equity Partners

DataCenter Finland (DCF), an IT infrastructure and cloud services provider, sold a majority stake to Adelis Equity Partners. Adelis acquired shares from the former majority owner of DCF, Sontek Oy, as well as from other shareholders and invested in the company through private offering. DataCenter Finland employed c. 80 persons and the Company’s revenue was 24 million euros in 2018 with over 90% recurring revenue.

Having grown into Finland’s leading independent cloud provider organically and through acquisitions in recent years, DCF aimed to accelerate its growth into the leading Finnish IT services provider focusing on mid-sized companies, supported by Adelis. DCF’s goal was to continue growing by investing heavily in its own organization and by pursuing further acquisitions. Earlier, the Company had invested significantly into its operations by building a strong IT infrastructure and cloud services focused organization and by building two modern datacenters.

With the acquisition, Adelis became the majority owner of DCF. The Company’s previous owners, including management, remained significant owners.

Our main value creation components were:

• Initiation of the potential transaction leading to exclusive one-to-one negotiations
• Company and market information gathering and analysis
• Letter of Intent negotiations
• Assisting in Due Diligence, concentrating especially on Buy-and-Build strategy planning
• Managed and organized employee share issue

Buyer

Adelis Equity Partners

Adelis Equity Partners, founded in 2012, is an active value creating partner to Nordic middle market companies. Adelis has c. 1 billion euros of assets under management Adelis invests in companies with significant value creation potential. The investment focus is on companies operating in business and IT services, niche industrials, consumer or healthcare sectors

Adelis Equity Partners