Nabiax, the data center company controlled 80% by Asterion Industrial Partners and 20% by Telefónica, is taking decisive steps in the process of selling its assets. According to sources close to the matter, the firm has shortlisted several companies for the possible acquisition of its data centers, including the infrastructure division of Goldman Sachs Group Inc., Wren House Infrastructure, and Igneo Infrastructure Partners.
This sale process, valued at around 1,000 million euros (1,100 million dollars), has experienced delays since it began last year. Despite these setbacks, the company is moving forward with the support of the banks Citi and BBVA, who are coordinating the transaction. The non-binding proposals, which were due to arrive on July 22, have recently been completed, and formal due diligence is scheduled for September. If no new delays arise, the deal is expected to close next fall.
Founded in 2019 after the acquisition of 11 data centers from Telefónica by Asterion, Nabiax has seen significant growth in its value and operational capacity. In 2021, the company reached a valuation of approximately 600 million euros. Since then, it has expanded its capacity, including a recent agreement with Microsoft to increase its operational capacity by 10 MW. This growth, driven by the increasing demand for cloud services and the expansion of artificial intelligence, reinforces Nabiax’s attractiveness in the market.
The sale of Nabiax has attracted the interest of several investment firms and infrastructure funds. Among the interested parties are Blackstone, Brookfield, Aermont PFA, Vauban, and Global Compute, demonstrating the high strategic value of Nabiax’s assets in the data center sector.
Nabiax’s focus on the national market, after selling its assets in Latin America, has proven to be a successful strategy. The company has established itself as a key player in the Spanish market, offering robust and high-quality infrastructure to meet the growing connectivity and storage needs.
Telefónica’s involvement as a minority partner provides Nabiax with valuable market knowledge and operational synergies that strengthen its competitive position. This support, combined with the company’s continued growth, makes the sale of Nabiax a significant strategic move in the data center sector.
With the sales process underway and a series of potential buyers interested, Nabiax’s future looks promising, with the goal of consolidating its growth and expansion in the digital infrastructure market.
Source: Moncloa