BPM Mezzanine Fund SICAV-SIF, SCA (BPM) has invested in the leading Baltic data center operator DEAC to support its growth. The investment will be used for improving technical equipment and infrastructure, as well as refinancing a part of existing liabilities. DEAC has built over the years a very strong platform in terms of technical infrastructure and product portfolio. Among its clients the company has a number of industry leaders in the Baltics as well as in Russia.
Commenting on the deal, the CEO of DEAC, Mr. Andris Gailitis, noted that with the help of BPM the company is now very well positioned to further strengthen its foothold in its core markets Latvia, Russia, Ukraine, Lithuania, Estonia and can pursue more aggressive expansion route. “We believe our product portfolio which ranges from cloud services to complex custom-made data security solutions is very competitive.”
Partner of BPM Capital, Mr. Martin Reinson added: “We appreciate highly the opportunity to work with one of the market leaders in the Baltics. DEAC has demonstrated flexibility and ambition to grow in such competitive market. The management team has been deeply involved in shaping the local data center services landscape over the past 17 years and combines a unique skillset needed to succeed. We look forward to cooperating with DEAC and are eager to support their expansion plans.”
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