Press Release

Macquarie Capital as lead investor, PMV and EPICo² agree majority ownership in KevlinX data centres

London, Amsterdam and Brussels, 22 September 2023

Macquarie Capital as lead investor and Flemish investment company PMV and infrastructure fund EPICo² , have become majority investors into KevlinX, a pan-European data centre platform that has now commenced construction of its first data centre in Brussels, Belgium.

KevlinX develops and operates high-performance data centres for large enterprises, governments and cloud companies. Data centres, along with the telecommunication networks are the critical components of a country's digital infrastructure. With the expansion of digital applications, the European data centre market has grown tremendously over the past decade with supply unable to keep up with increasing demand, a trend further accelerated under all forecasts by the mass adoption of generative artificial intelligence. KevlinX has commenced construction of its first 32MW data centre in Brussels, Belgium, through which it will be able to service a wide range of data centre customers in the Brussels-Capital-Region requiring flexible colocation or dedicated wholesale space with the highest standards in redundancy, security and energy efficiency.

Giovanni Della Pesca, Managing Director, Macquarie Capital said: “This is a sector experiencing huge growth, playing a crucial role in supporting an increasingly digital global economy. We are pleased to partner with PMV and KevlinX to realise this critical infrastructure for Belgium and through our investment we intend to support KevlinX deliver on their project pipeline as they embark on an exciting period of growth across Europe.”

Werner Decrem, portfolio manager at PMV Fund Management and infrastructure group manager at PMV, said: “PMV and Epico² are delighted to support KevlinX in the realization of this high-quality data centre in Belgium and to further support KevlinX’s growth plan. By teaming up with KevlinX and Macquarie Capital, we can accelerate the development of digital infrastructure in the Benelux and the broader European market.”

Barro Luitjes and Egbert Ho, KevlinX Founder and CFO, respectively said: “The data centre sector is critical to the global digital transformation and is experiencing accelerated growth by surging demand for data centre capacity. We welcome our new investment partners Macquarie Capital, PMV and EPICo² to embark on our journey to develop and operate a pan-European platform, starting in Brussels where construction of our 32MW data centre has commenced. We are excited to provide customers with wholesale colocation solutions in the Brussels-Capital-Region through a facility that sets new standards in Belgium when it comes to quality, connectivity, cloud access, security and sustainability.”  


About PMV

As an investment company, PMV is building a sustainable Flemish economy, the engine of our prosperity and well-being. We partner with ambitious companies and projects that focus on social impact and financial return. PMV finances promising companies from the very start, through growth and internationalization. PMV offers tailored financial solutions to all entrepreneurs with a good business plan and a strong management team. It does so with capital, loans and guarantees. It also realizes, with and for the government, and other partners, projects that are important for prosperity and well-being in Flanders. PMV has a portfolio with 1.7 billion euros under management.


About EPICo²

EPICo², an infrastructure fund managed by PMV Fund Management, actively invests in infrastructure in Europe with focus on public-private partnerships (PPP), energy transition, digital transformation, sustainable mobility and circular economy.


About KevlinX

KevlinX develops and operates high-performance data centres for large enterprises, governments and cloud companies. KevlinX supports customers with their digital transformation and IT infrastructure needs and enables them to grow and scale cost-effectively.

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