Amito announces Harwood as minority investor in £38.7m deal
Published 2nd March 2021
2nd March 2021: Amito Ltd has secured a significant minority investment including follow-on funding from Harwood Private Equity to support rapid growth. The data centre owner and operator, known for its award-winning Tier 3 facility in Reading, is looking to build on its continuing success with ambitious plans for expansion. Harwood is supporting these plans through an initial investment and through further committed capital.
Jeremy Brade, Partner at Harwood Private Equity, commented: “Amito has proven itself to be an exceptional regional data centre delivering consistently distinguished service to its growing customer base. We have been impressed with the Amito management team, its achievements to date and its powerful commitment to accelerate growth and expand. We look forward to working alongside the team to achieve these goals.”
Amito CEO, Ed Butler added: “We are delighted to announce the investment partnership with Harwood. We believe we have secured a partner who shares our vision for the business, has extensive experience in our industry, and is committed to supporting our goals with their expertise. We are proud of Amito’s success so far and are keen to realise the next phase of our growth strategy alongside Harwood.”
About Amito: Amito own and operate the largest, most efficient, and secure data centre in Reading. Delivering high quality, colocation services through a network of 20 facilities across the UK. This vast reach enables them to provide great value, flexible colocation with high connectivity into the key UK ecosystems.
About Harwood: Harwood Private Equity is a leading investor in UK lower mid-market companies.
Amito were advised by Royds Withy King (legal) and MHA MacIntyre Hudson (tax). Harwood were advised by BDB Pitmans LLP (legal). Due diligence was performed by Quantuma (financial) and Pinsent Masons (legal).