Preiskel & Co advised IXcellerate in the negotiation and securing of an investment from the International Finance Corporation (IFC), a member of the World Bank Group. The IFC was among the investors that subscribed for the Series A equity issue.
Upon completion of all phases, the project cost is expected to total around $55 million, most of which will be invested towards the construction and operation of a 6,200 square metre facility in Moscow set on a 15,000 square metre campus. The data centre will be built over three phases, with the first 1,000 square metres planned to be operational later this year.
IXcellerate is a data centre operator founded by Guy Willner (founder and former CEO of IXEurope, which was sold to Equinix in 2007) and Cliff Gauntlett (former SVP of Golden Telecom). IXcellerate is expected to become the largest carrier-neutral data centre in Russia, where demand for high-quality data centre services is expected to increase strongly over the next few years. IXcellerate is an alliance member of the International Data Centre Group (www.idc-g.com), a global alliance of independent datacentre operators. For more information on IXcellerate see www.ixcellerate.com.
This is the third major Russia related deal that Preiskel & Co has advised on and closed in the last year.