mynth
12/2024

OPCORE acquired by INFRAVIA CAPITAL

FRANCE Telecom / Infrastructures EV 500M - 1.5b EUR

Context

InfraVia acquired a 50% stake in OpCore from the iliad Group to create a premier independent European data center platform. This strategic partnership combines iliad's technical operational excellence and historical asset base with InfraVia's financial firepower and infrastructure management expertise. The deal aims to capture the surging demand for AI deployments, with a focus on implementing innovative "Direct Liquid Cooling" solutions at scale.

OPCORE, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

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Target

Opcore is a European high-growth data center platform specializing in colocation services for cloud providers, telecommunications operators, and large enterprises. The company operates a network of Tier III and Tier IV data centers across strategic European hubs, including Paris, Frankfurt, and Madrid. Opcore focuses on providing "sovereign" and highly secure hosting environments with a strong commitment to energy efficiency.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Valuation range: EV 500M - 1.5b EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of OPCORE by INFRAVIA CAPITAL are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: infravia capital