Projects

iseek

Digital

Data Centres

iseek is a leading Digital Infrastructure provider specialising in data centre, cloud services and connectivity solutions for Australia’s enterprise and government sectors.

Sector

Digital

Data Centres

Location

Brisbane, Queensland, Australia

Status

Operational

equity ownership

Majority interest

financial close

July 2021 | Bolt-on: October 2022

term length

n/a

About

Founded in 2000, iseek is an independent digital infrastructure provider in Australia specialising in enterprise cloud, robust data centres, managed connectivity solutions, and multi-provider internet services. These services are supported by a team of IT specialists and network connectivity engineers that help in delivering iseek’s suite of data centre services to clients.

With locations across Australia, including Brisbane, Townsville, Sydney and Adelaide, iseek Data Centres specialise in storing business-critical systems for a diverse range of corporate, enterprise and government organisations.

0 MW

capacity

In September 2022, iseek acquired a leading South Australian data centre operator, YourDC increasing its footprint to seven data centres and 17MW of capacity.

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Key impacts and benefits

Data centre capacity

0 MW

Number of data centres

Number of customers

~ 0

Why we invested

Rare opportunity to invest in an Australian data centre platform of scale

Established network of five data centres: Leading position in the Brisbane market, expanding into the Adelaide market via acquisition in late 2022, increasing iseek’s footprint to seven data centres and 17MW of capacity
Diversified earnings base: Attractive diversified customer base with growing Government exposure
Strong platform: Established track record of development and operation over 20 years
Management capability: Highly experienced and incentivised management team

Sustainable Development Goals (SDGs)

2030 Agenda for Sustainable Development adopted by UN Member States in 2015

SDGs supported:

SDG contribution

Outcomes

Balance sheet optimisation: Refinanced existing debt facility in September 2021
Bolt-on acquisition: Closed the acquisition of YourDC in October 2022, expanding iseek’s platform into South Australia
Leadership: Strengthened the leadership team with the hiring of a Chief Customer Officer (new role) in 2022 and new Chief Operating Officer appointed in 2023.
Energy Transition: Installation of rooftop solar across the portfolio to support future energy consumption

iseek

About

Why we invested

Sustainable Development Goals (SDGs)

Outcomes

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