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M&A

OPCORE

Acquired by

INFRAVIA CAPITAL

FRANCE Telecom EV [500m EUR - 1b EUR] 12/2024

Target

OPCORE

Acquirer

INFRAVIA CAPITAL

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.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.6x since the beginning of 2026, 4.1% decrease compared to 2025. This data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
EBIT
2025
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2024
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Other operations with OPCORE

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.