OVH, a Roubaix, France-based provider of cloud infrastructure, telecommunications and web hosting services, received a €250m growth capital investment.
KKR and TowerBrook Capital Partners, two global investment firms, made the investment and acquired a minority stake in OVH. Following the deal, the Klaba family will retain the majority stake in the company and will continue, together with OVH management, to lead the company, its strategy and operations.
The company will use the funds to further expand globally, broadening its customer base and services in new geographies.
Founded in 1999 by Chairman and CTO Octave Klaba and led by Laurent Allard, CEO, OVH offers Web, Dedicated and Cloud products keeping control over the supply chain, from server manufacturing and in-house maintenance of infrastructure, to customer assistance.
OVH today provides one million customers globally with dedicated cloud infrastructure with a total of 250,000 servers across 17 data centres in France and Canada. The turnover for FY 2016 stands at €320m.