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BIC Securities acted as exclusive financial adviser to Digitalas Ekonomikas Attistibas Centrs (DEAC), leading Baltic data center services provider in attracting investment from BPM Mezzanine Fund
05/10/2016

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) has invested in the leading Baltic data center operator DEAC (or the "Company") to support its growth. The investment is used for purchase of additional IT equipment for its growing customer base and expansion of Company’s core infrastructure, as well as refinancing part of existing liabilities. 
 
DEAC (www.deac.eu) is one of the largest independent data center operators in Northern Europe. It provides secure data center services to more than 2,500 customers worldwide. The Company operates two physical data centers in Riga with a total of 300 server racks now and plans to operate 400 more in next stage, and has POPs in London, Frankfurt, Amsterdam, Moscow and Kiev. 

Commenting on the deal, DEAC's CEO, Mr. Andris Gailitis, noted that with the help of BPM the company is now very well positioned to further strengthen its foothold in its core markets Latvia, Russia, Poland, Ukraine, Lithuania and Estonia and can pursue more aggressive expansion route. 

BPM Capital (www.bpmcapital.eu) is an independent investment manager operating out of two offices, in Tallinn and Warsaw. BPM was originated through the Baltic Innovation Fund initiative created by cooperation between Estonia, Latvia, Lithuania and the European Investment Fund. 

BIC Securities acted as exclusive financial adviser to DEAC and its shareholders.


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