Aleph, Crestview takes minority stake in Interoute

Aleph was founded in 2013 by Hugues Lepic, the former head of merchant banking at Goldman Sachs EMEA. The investment company entered a partnership with US-based private equity firm Crestview Partners to invest in European markets.

Aleph and Crestview each committed €600m to the strategy, with a view to deploy the capital within four years.

The deal is expected to complete in April – Interoute will remain majority-owned by the Sandoz Family Foundation.

Company
Established in 2002, Interoute operates a cloud services platform across Europe – this comprises 67,000 km of lit fibre, 12 data centres, 13 virtual data centres and 31 colocation centres. The company has operations in Europe, North America and Dubai.

Interoute posted a €91m EBITDA in 2013, on revenues of €417m.

People
Aleph and Crestview were represented by Hugues Lepic and Brian Cassidy, respectively.

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