European leader of the cloud, and global player, OVH announces the closing of a 400-million-euro ($593 million CAD) 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.
MONTREAL, June 29, 2017 /CNW Telbec/ - As a result of OVH's sustained growth since its creation in 1999 and development strategy, the group received support from its banking pool in the form of a €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 €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 €250 million ($370 million CAD) investment. The European cloud leader had announced an ambitious development and investment plan, worth €1.5 billion ($2,2 billion CAD).
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 new company 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.
OVH is a leading global Infrastructure-as-a-Service (IaaS) provider that offers innovative products and services focusing on dedicated servers, private and public cloud. Founded in 1999, the company is an established partner for more than a million professionals worldwide. OVH owes its success not only to a development model built on innovation, but also to maintaining full control over the supply chain, from server manufacturing and in-house maintenance of its infrastructure right down to customer support. OVH ensures stable and reliable product and service offerings to clients across all its brands, while providing the best value. Learn more about OVH and follow the company on Twitter @ovh.
For further information: Press Contact, OVH, Guillaume Gilbert, firstname.lastname@example.org