BPM Mezzanine Fund SICAV-SIF, SCA (BPM) invested in the leading Baltic data center operator DEAC to support its growth back in October 2016. The investment was used to improve technical equipment and infrastructure, as well as refinancing a part of existing liabilities. On 21st August 2020 DEAC announced sale of 100% of shares the Company to Quaero European Infrastructure Fund II. With this transaction also BPM exited from its investment into DEAC.
Commenting on the deal, Partner of BPM Capital, Mr. Martin Reinson, noted that we are very happy with the results of our investment in DEAC and we would like to thank DEAC team for dedicated effort in managing and developing the company. It was a great journey together and seeing their commitment to the company and passion developing it I am sure that there are many good days to come for DEAC.
CEO of DEAC, Mr. Andris Gailitis added: we enjoyed 4 years together with BPM and appreciate very highly their responsiveness, professional approach and flexibility. When BPM entered back in 2016, we managed to put ourselves on a strong foundation to develop the company to where it is today. We could not have achieved this without support from BPM.
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