European private investment firm Eurazo has invested $46.8 million into data center operator Etix Everywhere.

Global Data Centre Group (GDC) this week announced that Etix Everywhere’s French unit raised the money through Eurazo’s infrastructure strategy, valuing the company at $116.6 million.

The money will be used to reduce the leverage taken out to acquire data center firm CIV France last year, as well as invest in expansion opportunities in Europe (with a focus on France) and Southeast Asia.

Louis Blanchot, group CEO of Etix Everywhere, said: “We are delighted to welcome Eurazeo as a new investor in Etix. In 2022 we reached two major milestones – the acquisitions of CIV France and our first data center in Bangkok, Thailand. This new funding round will support our strong development in Europe and Southeast Asia.”

Melissa Cohen, managing director at Eurazeo – infrastructure, added: “We are thrilled to become a shareholder of Etix alongside GDC, supporting its development in the regional colocation market. Etix provides high-quality data center services to local customers, and we are delighted to be supporting their expansion and to assist them in their decarbonization pathway.”

After Vantage acquired most of Etix’s European hyperscale footprint, ASX-listed Global Data Centre Group acquired the remainder of Etix in 2020. The company operates small Edge facilities in France, Belgium, and Colombia.

Etix acquired CIV in September 2022, with the deal closing at the end of the year. Founded in 1974, the company has two facilities; the 1.2 MW, 370 rack ADC1 facility just outside Lille, and a 1.5 MW, 486 rack facility to the south in Valenciennes and known as ADC2 which opened in 2016.