> OVH.com raises 181 millions dollars to support its American and European expansion
OVH #PRESS ZONE
Montreal - March, 14 2013
OVH.com raises 181 millions dollars to support its American and European expansion
2013. OVH.com, hosting provider leader in Europe, announces that it has raised 181 million US Dollars from a bank pool loan encompassing ten banking institutions. This operation is unprecedented in
Europe’s technological sector.
OVH.com will carry its growth and its investments in North America and Europe, markets onto which the hosting provider is already established and working towards a fast expansion.
The combination of OVH.com’s solid foundations and its strong and steady growth since its creation in 1999 convinced the banks to participate in this new expansion phase.
For Nicolas Boyer, CFO at OVH.com, “this syndicated loan assures the next two years of development for the company, by financing 70% of the North American and European investments to come, the remaining being self-financed. It therefore offers us the visibility to carry on a very sustained development and an ever-growing client demand. Moreover, this financing allows us to consolidate our relationships with financial partners that have trusted us for over ten years and who have reaffirmed, through this operation and the magnitude of this fundraising, their willingness to accompany OVH.com’s development.”
The bookrunners that established this fundraising are BNP Paribas, Crédit Agricole (Crédit Agricole Corporate and Investment Bank and Crédit Agricole Mutuel Nord de France) and HSBC. They were advised by De Pardieu Brocas Maffei (legal advising).
To lead this operation, OVH.com was advised by KPMG Corporate Finance (financial advising) and Nabarro & Hinge (legal advising).
OVH.com is the #1 Internet hosting provider in Europe**. Founded in 1999 by Octave Klaba, the company experienced exponential growth, with now over 140,000 dedicated servers in 11 data centers. OVH.com owes its success to a growth model based on innovation and total control of the hosting supply chain, in-house server production, infrastructure maintenance and client support. For every of its service and solution, OVH.com is able to offer the best value and provide real guarantees to customers. Located in 16 countries, on 3 continents, OVH.com is today the world’s reference for customers seeking the best of the Internet.
OVH.com Benjamin Bongoat firstname.lastname@example.org