N+ONE DATACENTERS’ $90m growth equity funding led by AIIM
We are pleased to have acted as exclusive financial adviser to N+ONE DATACENTERS (N+ONE), a leading African data center owner and operator, on its $90m growth equity funding led by African Infrastructure Investment Managers (AIIM). The investment will support the roll-out of a new Pan-African data center and cloud services platform with a short-term target capacity of 40 MW.
Founded in 2008 and based in Morocco, N+ONE is a leading carrier-neutral data center company in North Africa. The company empowers its customers with mission-critical services ranging from raw colocation to completely managed hosting and cutting-edge cloud computing infrastructures. N+ONE facilities have been certified to the highest international standards since their launch. In 2021, N+ONE embarked on its development journey into Senegal and other locations in West Africa.
AIIM, a member of Old Mutual Alternative Investments (OMAI), has been investing in the African infrastructure sector since 1999 and currently manages an aggregate AUM of $2.6bn in assets across the power, renewable energy, digital infrastructure, mid-stream energy and transport sectors with operations in 19 African countries. AIIM's extensive infrastructure investment track record in Africa, with multiple digital infrastructure investments across the telecommunications towers, data center and fibre sub-sectors, coupled with an active asset management strategy to support high-performing management teams alongside its ability to provide substantial growth capital, were key factors in forming the alliance.
The platform will focus on the development of hyperscale and wholesale carrier-neutral facilities to provide solutions to enterprise, government and hyperscale customers across the continent. The partnership with AIIM paves the way for N+ONE to further expand its existing campuses in Morocco and Senegal while developing new hyperscale locations in response to customer demand.
The joint venture aspires to bridge Africa's current digital infrastructure gap and unlock the continent’s tremendous digital economy potential by providing world-class facilities and services to stimulate the expansion of local businesses and enable multinational companies to extend their African operations.
){kind=logo}
)