VIRTUS Data Centres secures funding from Deutsche Bank to drive business growth
VIRTUS Data Centres secures funding from Deutsche Bank to drive business growth

VIRTUS Data Centres secures funding from Deutsche Bank to drive business growth

Published: Tuesday, 16 September 2014 08:27

LONDON – 16th September 2014 – VIRTUS Data Centres Ltd. (VIRTUS), London's flexible and efficient data centre specialist, today announced that it has secured £50 million in funding from Deutsche Bank. The funds will be used to drive expansion of VIRTUS Data Centres’ business, alongside continued support from Brockton Capital.

VIRTUS Data Centres provide a full range of services from the colocation of racks in dedicated cages, suites or data halls to fully bespoke, client dedicated data centres. There is strong demand for the next generation of highly efficient and flexible data centres, which form the core of VIRTUS’ build philosophy. These additional funds will enable VIRTUS to accelerate its plans to increase its footprint in the UK as well as satisfy the increase in demand for VIRTUS designed intelligent data centres.

Daryl Seaton, CFO, VIRTUS Data Centres says: “The additional funding will provide VIRTUS with a significant platform for accelerated business growth.  The debt markets remain challenging, particularly for capital intensive businesses, but this arrangement demonstrates that funding is available for the right companies. This funding represents a significant endorsement of VIRTUS Data Centres, and combined with the continued support from Brockton Capital, we look forward to expanding our facilities and product portfolio further.”

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Brockton Capital

Brockton Capital is a high profile real estate investor with committed equity under management of £650m. Brockton invested in VIRTUS in October 2011 through its second fund (Brockton Capital Fund II L.P.) and expects to invest up to £100m in VIRTUS Data Centres over the next five years.