Investment Date
Q2 2005
Exit Date
TBC
Asset type
Data centres
Revcap strategy
Development/
Niche investment category
Revcap Funds
Revcap I / Ark Capital Partners
Investment Type
Platform Investment/ Dedicated Fund
Background and Opportunity
- Initial off market opportunity to purchase a 35 acre campus site in Corsham for £7m
- Potential to take advantage of early entry into a high growth technology related business with significant barriers to entry
- Provide energy efficient and ultra-secure data centre space in unique campus environments
- Create a diverse, long term, index-linked income stream from a blue chip tenant base
Transaction Progress
- Revcap obtained planning, power and communications connections at Corsham as well as acquiring a second campus site at Farnborough; continuing development during the GFC
- Ark was re-capitalised in 2012 when a new management team was brought in and the position was refinanced with dedicated equity (creating Ark Capital Partners)
- In 2015, Ark was selected by HM government to form a JV called Crown Hosting which gives Ark access to all UK public sector data centre requirements
Current Status
- Ark is now a leading UK data centre developer, owner and operator
- Ark continues to build on a current rent roll from leading financial institutions, telecom companies, blue chip corporates and government entities
- Ark is continuing the build out of Corsham and Farnborough and is in the pre-development phase of further campus properties
