OVH Raises EUR 400 Million to Support its Strategic Development
European leader of the cloud, and global player, OVH announces the closing of a 400-million-euro funding round with a pool of 9 banking institutions; This operation will strengthen its financing structure to support its global expansion strategy over the next 5 years
(firmenpresse) - ROUBAIX, FRANCE -- (Marketwired) -- 06/29/17 -- As a result of sustained growth since its creation in 1999, the group received support from its banking pool in the form of a EUR 400 million RCF line of credit.
Today, OVH has 270,000 servers deployed within 20 datacenters across five countries in North America, Europe, and Asia Pacific. The group delivers its cloud services (private, public and hybrid) to more than one million customers worldwide and generated revenues of close to EUR 400 million in 2016/2017.
This new investment will permit OVH to follow its global expansion strategy, which began in autumn 2016 with the entry of KKR and Towerbrook to its capital with a EUR 250 million investment. The European cloud leader had announced an ambitious development and investment plan, worth EUR 1.5 billion.
The group has already begun the execution of this global expansion plan, notably with the opening of data centers in new geographical zones: a total of three data centers are now located in Australia, Singapore and Poland, with a fourth and a fifth under construction in Germany and the United Kingdom. In the United States, where OVH launched a in 2017, two additional data centers will also be available soon.
Nicolas Boyer, Chief Financial Officer of the OVH group, indicated: "This new financing provides us with an increasingly robust banking pool, renewing its confidence in the group''s international strategy and positioning. In addition, the entry of US investment bank JP Morgan into this pool reflects our position as a global player in cloud computing. We will continue to implement our strategic plan through international deployment, consolidation of our position in the digital market, acceleration of our growth among enterprise customers and by reinforcement and structuring of our organization to take full advantage of market opportunities."
Société Générale Corporate & Investment Banking has accompanied OVH since 2014 and acted as Coordinator and Documentation Agent.
The Mandated Lead Arrangers and Bookrunners of the syndicated loan were BNP Paribas, Groupe Crédit Agricole, HSBC France and Société Générale Corporate & Investment Banking. The participants were JPMorgan Chase Bank N.A. (Paris Branch), CIC Nord Ouest and Banque Commerciale du Marché Nord Europe.
Lorine Schieber
Media Relations Officer
+33(0)9 72 62 07 34
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Datum: 29.06.2017 - 07:00 Uhr
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News-ID 1511664
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