Sale of GleSYS to Cube Infrastructure Managers
Torch Partners has acted as exclusive financial adviser to GleSYS Holding AB (“GleSYS”) on its sale to Cube Infrastructure Managers. GleSYS’ shareholders include VIA Equity (“VIA”), a leading Northern European private equity firm, Glenn Johansson, CEO & founder of GleSYS, and certain key employees and minority shareholders of GleSYS.
GleSYS operates datacentres and is a leader in providing Infrastructure as a Service (IaaS) in the Nordics. Through its one-stop-shop approach, GleSYS’ service portfolio expands across colocation, dedicated servers, network & connection, system management, and virtual private servers, catering to customers active in sectors such as e-commerce and cybersecurity.
Following VIA’s investment in GleSYS in 2018, the company has experienced significant growth. This can be attributed to a series of successful bolt-on acquisitions, the construction of state-of-the-art data centres, ISO certification, expansion of the management team and strong organic profitable growth. As a result of these efforts, GleSYS has developed into a leading Nordic hybrid cloud IT Infrastructure as a service player.
Cube Infrastructure Managers is an independent mid-market infrastructure investor joining deep sector knowledge with operational and financial expertise. Since foundation in 2007, Cube has leveraged its operational and financial capabilities to pioneer and transform essential and local infrastructure assets, in areas such as fibre, district heating, mobility and EV charging.
The transaction is subject to customary regulatory approvals and other closing conditions.
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