Digiplex secures further funding

Digiplex, the pan-European operator of carrier neutral co-location facilities has raised third round funding from its existing shareholders the Carlyle Group and Providence Equity Partners.

The total equity raised by the company now exceeds euros270 million.

In addition to the equity funding, euros40 million of debt has been drawn down from a credit facility arranged by CIBC, Deutsche Bank and Goldman Sachs.

Digiplex raised its second round of E57 million funding last October.

In addition to the CarlyleGroup and Providence Equity Partners, Carrier 1 and iAxis also participated in the round.

Digiplex operates as an Internet hotel providing space for mission-critical voice, video, data networking and transmission equipment such as switches, routers, servers and fibre optic transmission, multiplexing and other data centre equipment.

With euros272 million in equity and euros110 million in debt, Digiplex is well on the way to completing the construction and launch of its six co-location facilities in London, Frankfurt, Geneva, Milan, Munich and Oslo. It is hoped that the construction of the facilities will be completed this month.

Byrne Murphy, president of Digiplex, said: “This capital investment from the Carlyle Group and Providence Equity Partners allows Digiplex to completeall Phase 1 facilities, offering our customers the highest quality infrastructure and service in six of Europe’s major cities. Following completion of the facilities, Digiplex will be in an optimum position to accommodate the customer’s requirements today, and the growing demands that they will have in the future.”