Don Manifold and Equity & Advisory Support Sale of YourDC to Amber Infrastructure

Iseek Communications — and majority stakeholder Amber Infrastructure — lately introduced it acquired information middle firm YourDC.

The worth of the deal hasn’t been disclosed, nevertheless it’s anticipated to vary from AU$50 to AU$100 million (roughly $34 to $67 million). Don Manifold’s company advisory agency, Equity & Advisory, helped shut the deal.

It’s one other feather within the cap for Don Manifold and Equity & Advisory. “Equity & Advisory is South Australia’s preeminent unbiased company advisory agency serving to non-public and household companies with acquisitions, divestments, restructurings, and capital raisings,” Manifold, the agency’s joint managing director, informed on-line platform Billion Success. “Our leaders have helped ship greater than 200 profitable transactions valued in extra of $8 billion for our shoppers.”

YourDC brings to the desk the most important ecosystem of carriers, cloud, and managed providers in South Australia. At the time of the deal, it had two information facilities situated in Adelaide, Australia. This makes it a great acquisition for Iseek Communications as a result of it’ll enable the corporate to broaden additional throughout the nation. The enlargement boosts the corporate’s measurement to seven information facilities, offering co-location, cloud, and connectivity providers to these all through Australia, in Brisbane, Sydney, Adelaide, and Northern Queensland. 

Tristan Evans, funding director at Amber Infrastructure, acknowledged, “We see robust progress alternatives for Iseek, supported by the business shift towards outsourced digital infrastructure. This shift is pushed by elevated demand for information storage, larger information sovereignty, and the necessity for information safety in areas inclined to pure disasters. Iseek is already benefiting from this shift, [and was] lately awarded the Queensland Government’s core community data-as-a-service contract.”

The transaction is notable for a lot of causes, together with that it’ll enable Iseek Communications to broaden its nationwide profile considerably, reaching new clients and rising its belongings general, offering for the ever-increasing want for digital providers within the area.

Don Manifold’s work consists of aiding in preliminary public choices, elevating capital, and divestments. His numerous historical past consists of managing the sale of S. Kidman & Co. Don Manifold is a fellow of the Institute of Chartered Accountants. He holds a Master of Business Administration (govt) from the Australian Graduate School of Management, and a Bachelor of Economics (accounting) with honors.

More About YourDC

YourDC will proceed to be operated by Scott Hicks, co-founder and CEO. He’ll proceed to be invested within the progress of the YourDC market. YourDC is the one Tier 3 information middle facility with defense-grade safety in place within the state, making this acquisition a significant one for Iseek Communications. 

YourDC’s Hicks shared, “Our acquisition by Iseek will facilitate our subsequent progress part, increasing our information middle capability to capitalize on vital market demand and progress alternatives. As founder-led companies, YourDC and Iseek have a number of synergies with the acquisition, enabling us to supply further digital and co-location providers.”

YourDC was launched in 2015 and grew to handle two information facilities situated in Adelaide. These two areas, one within the south and the opposite within the northern half of the town, had been related by a devoted fiber ring. ADL1 Hawthorn, as the primary location is understood, gives 6,250 sq. ft of technical area with a capability for 220 racks. ADL2 Edinburgh Parks launched a yr after ADL1 with 24,550 sq. ft of technical area, with 20 rooms that supply a capability for 800 racks.

More About Iseek Communications

Iseek Communications is presently a number one digital infrastructure operator in Australia. It has quite a few shoppers, together with varied nationwide enterprises and authorities organizations. The firm presently supplies information middle options for the area together with cloud entry and connectivity providers. As a nationwide firm, it’s uniquely certified for many clients as a result of it gives protection throughout the area, together with in city areas, rural areas, and extra regional areas.

Each of Iseek Communications’ amenities are some of probably the most safe obtainable, offering bodily safety on the location and requiring the use of two-factor authentication, 24-hour digicam surveillance, and biometric reader entry. The firm additionally has varied staging areas for tools setup and catastrophe restoration. Iseek Communications was first established in 2000. 

Another key word about Iseek Communications is its current efforts to cut back its carbon footprint, partially by working to cut back the quantity of energy the corporate makes use of and minimizing general power prices. Jason Gomersall, founder and CEO of Iseek Communications, acknowledged, “Our acquisition of YourDC is game-changing for our progress trajectory. It supplies us a big footprint in South Australia, strengthens our nationwide providing, and will increase our publicity throughout the protection and schooling sectors.”

He continued, “The complementary companies are market leaders of their respective states with confirmed monitor data of delivering safe and dependable vital infrastructure to large-scale authorities and enterprise clients. Importantly, YourDC’s customer-centric tradition aligns with ours, and we’re retaining its high-performing crew and beneficial long-term buyer relationships.” 

About Amber Infrastructure

Amber Infrastructure supplies evaluation administration and funding advisory providers. Its enterprise focuses closely on sourcing, growing, and advising on infrastructure belongings. This consists of areas of renewable power, transport, and utilities. The funding made in Iseek Communications in 2021 was the primary time Amber Infrastructure has moved into digital belongings for funding in Australia. The phrases of that settlement weren’t disclosed.

Amber Infrastructure relies in London. At the final replace, it had $6 billion in belongings underneath administration and investments unfold throughout seven funds. It’s performed an lively position in a spread of transactions in Australia and has executed so since 2006. 

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