DigiPlex has secured €55m ($48.1m) in funding from its existing shareholders, The Carlyle Group and Providence Equity Partners.
The company operates internet "hotels", which house internet servers and high-speed telecommunications links together to provide fast internet access. In addition to the funding, DigiPlex has reduced €40m of debt from an existing €180m credit facility arranged by Deutsche Bank, Goldman Sachs, and CIBC. The company will use the funds to launch its first six fully operational internet hotels in London, Geneva, Milan, Munich, and Oslo. Internet hotels, which are also known as co-location facilities, have recently attracted much attention from private equity funds. IX Europe, another internet hotel operator, raised €19.5m in funding just last week.
