Clipperton acted as sole financial advisor to gridscale, the leading German platform provider for hyperconverged infrastructures, and its founders and shareholders – including Endeit, HTGF and EnBW New Ventures – on its sale to OVHcloud.
With its market-leading hyperconverged infrastructure PaaS solution, gridscale will add mission-critical capabilities to OVHcloud’s public cloud business while further accelerating its pan-European growth trajectory.
This deal illustrates Clipperton’s strong track record in executing transactions on behalf of European infrastructure software companies with strategic acquirers – including Smartlook’s recent sale to Cisco, Gandi’s recent sale to Total Webhosting Solutions and Dan.com’s recent sale to GoDaddy. In addition, this is the fourth transaction in 2023 that has been led by Clipperton’s German team.
August 7th, 2023 - Through the deployment of gridscale’s hyperconverged infrastructure platform, OVHcloud will gain a significant competitive advantage in the public cloud market and grow in a more agile and flexible way while having better control of its investments.
