OVH Groupe in €200 Million Financing
December 19, 2022
Cleary Gottlieb represented OVH Groupe in an up to €200 million financing with the European Investment Bank.
The proceeds of this financing will be used to foster OVH Groupe’s growth and enable its European expansion strategy, including through the construction of several new data center facilities, either at existing or new sites in order to support OVH Groupe’s investments into software and hardware R&D to expand the range of services offered by OVH Groupe.
OVHcloud is a global player and the leading European cloud provider operating over 450,000 servers within 33 data centers across four continents to reach 1.6 million customers in over 140 countries. Spearheading a trusted cloud and pioneering a sustainable cloud with the best price-performance ratio, the Group has been leveraging an integrated model for over 20 years that guarantees total control of its value chain, from the design of its servers to the construction and management of its data centers, including the orchestration of its fiber-optic network.
This unique approach enables OVHcloud to independently cover all the uses of its customers so they can seize the benefits of an environmentally conscious model with a frugal use of resources and a carbon footprint reaching the best ratios in the industry. OVHcloud now offers customers the latest-generation solutions, combining performance, predictable pricing, and complete data sovereignty to support their unfettered growth.