Torch Partners has acted as exclusive financial adviser to Orange on the acquisition of Basefarm.
Basefarm is a leading European player in cloud-based infrastructure and services, as well as the management of critical applications and data analysis. Basefarm has a strong operational presence in several European countries, particularly in Norway, Sweden, the Netherlands, Austria and in Germany. Its business proposition lies at the forefront of the most innovative services in cloud computing, Big Data and Artificial Intelligence. By joining forces with Orange Business Services, Basefarm will gain a unique opportunity to accelerate growth in public and private cloud-services while benefitting from access to Orange’s global networks and infrastructure.
Orange Group (EPA:ORA) is one of the world’s leading telecommunications operators with sales of €41bn in 2017 and 150k employees worldwide at 31-Mar-18. The Group has a total customer base of 263m customers worldwide at 31 March 2018, including 202m mobile customers and 20m fixed broadband customers.
The acquisition is expected to close in Q3 2018, subject to regulatory approvals.
The transaction adds to Torch’s strong track record in the hosting, colocation, cloud, and internet infrastructure space.URL: Investor:
Hosting and Internet InfrastructureProduct