Vesper Next Generation Infrastructure Fund to acquire Thésée DataCenter, the first Tier-IV French data centre fully focused on premium services for clients with high data sovereignty requirements

Vesper Next Generation Infrastructure Fund today announces its agreement to acquire Thésée DataCenter (“Thésée” or the “Company”), a specialised Tier IV data centre for clients with stringent data sovereignty and security requirements, from Caisse des Dépôts et Consignations / Banque des Territoires and Groupe IDEC Invest.

Based in Paris, the Company operates two data centres in the greater Paris region with 4.6MW of current operational capacity and secured land for an incremental c.33MW of IT capacity.

The investment will allow the Company to accelerate its go-to-market strategy, materially scaling up its operations and leverage its distinctive market positioning in the region, one of Europe’s most constrained and valuable.

Vesper Next Generation Infrastructure Fund I SCSp (“Vesper Infrastructure” or the “Fund”) signs a binding agreement to acquire 100% of the share capital of Thésée. The completion of the transaction remains subject to the satisfaction of customary conditions, including regulatory clearance.

Established in 2016, Thésée is one of only two Tier IV French data centres in the Paris area (accounting for c. 80% of total French demand), with a unique market positioning, specifically focused on serving security sensitive workloads for French clients with data sovereignty needs. The Company’s Aubergenville facility provides fully certified Tier IV colocation services with a PUE of 1.2, high-density design, and Direct Liquid Cooling compatibility for HPC and AI. Scarcity of power and land in the Paris region creates an advantageous market position for the Company.

Thésée serves high-profile clients (including a European cloud provider) in sectors such as cloud computing, software, digital services, cybersecurity and banking, with contractually secured revenues and an average long-term contract maturity. The Company is about to launch the construction of additional IT capacity in its Aubergenville facility (35 min away from La Défense in Paris), which will deliver a significant expansion potential of up to 33MW, in one of Europe’s most constrained and valuable data centre markets.

Paola Rastelli, Founder and Partner at Vesper Infrastructure Partners, says “We are really excited to partner with Thésée’s management to help them develop the critical infrastructure on which the European digital economy relies on. There are excellent growth opportunities in the French market with customers expressing an increasing need for more secure and sovereign data storage, which Thésée is exceptionally well-positioned to deliver. We are extremely impressed with the Company’s management which has achieved so much in little time, and we look forward to supporting them in the next phase of growth.”

“This new investment in the digital infrastructure space in France – a high potential “value add” infrastructure business exposed to massive demand tailwinds – is another clear example of Vesper’s ability to offer its investors exposure to attractive value-add infrastructure companies through a growing and well diversified pan-European portfolio”, says Livio Fenati, Founder and Managing Partner at Vesper Infrastructure Partners.

Antoine Fournier, CEO Thésée says “We are glad to be partnering with Vesper Infrastructure a shareholder with a truly industrial mindset and strong operational know-how, which will help us in the deployment of the growth strategy of the Company and the creation of long-term value for our clients, and all of our stakeholders”