OVH #PRESS ZONE


London Uk, June 29, 2017


OVH Raises €400 Million to Support its Strategic Development


European leader of the cloud, and global player, OVH announces the closing of a 400-million-euro funding round with a pool of 9 banking institutions. This operation will strengthen its financing structure to support its global expansion strategy over the next 5 years.



As a result of OVH’s sustained growth since its creation in 1999 the group received support from its banking pool in the form of a €400 million RCF line of credit.

Today, OVH has 270,000 servers deployed within 20 datacentres across five countries in North America, Europe, and Asia Pacific. The group delivers its cloud services (private, public and hybrid) to more than one million customers worldwide and it generated revenues of close to €400 million in 2016/2017.

This new investment will permit OVH to follow its global expansion strategy, which began in autumn 2016 with a €250 million investment from KKR and TowerBrook. The European cloud leader had announced an ambitious development and investment plan, worth €1.5 billion.

The group has already begun the execution of this global expansion plan, notably with the opening of datacentres in new geographical zones: a total of three datacentres are now located in Australia, Singapore and Poland, with a fourth and a fifth under construction in Germany and the United Kingdom. In the United States, where OVH launched a new company in 2017, two additional datacentres will also be available soon.

Nicolas Boyer, Chief Financial Officer of the OVH group, indicated: “This new financing provides us with an increasingly robust banking pool, renewing confidence in the group's international strategy and positioning. In addition, the entry of US investment bank JP Morgan into this pool reflects our position as a global player in cloud computing. We will continue to implement our strategic plan through international deployment, consolidation of our position in the digital market, acceleration of our growth among enterprise customers and by reinforcement and structuring of our organisation to take full advantage of market opportunities.”

Société Générale Corporate & Investment Banking has accompanied OVH since 2014 and acted as Coordinator and Documentation Agent. The Mandated Lead Arrangers and Bookrunners of the syndicated loan were BNP Paribas, Groupe Crédit Agricole, HSBC France and Société Générale Corporate & Investment Banking. The participants were JPMorgan Chase Bank N.A. (Paris Branch), CIC Nord Ouest and Banque Commerciale du Marché Nord Europe.

Caitlin Haskins ovh@10fold.com



About OVH

OVH is a leading global Infrastructure-as-a-Service (IaaS) provider that offers innovative products and services focusing on dedicated servers, private and public cloud. Founded in 1999, the company is an established partner for millions of professionals worldwide. OVH owes its success not only to a development model built on innovation, but also to maintaining full control over the supply chain, from server manufacturing and in-house maintenance of its infrastructure right down to customer support. OVH ensures stable and reliable product and service offerings to clients across all its brands, while providing the best value. Learn more about OVH and follow the company on Twitter @ovh_uk.





< Back to the OVH Press zone