DC Advisory acts as exclusive financial advisor to Gcore on its strategic investment from Northern Data Group to transform AI deployment and Inferencing
Background
- Gcore is a global edge AI, cloud, network, and security solutions provider
- Founded in 2014, Gcore is headquartered in Luxembourg, with eight offices worldwide and a team of 500+ employees
- Gcore serves industries such as telecoms, financial services, media and entertainment, gaming, and retail. Gcore’s customers include Wargaming, Avast, Sandbox Interactive, NHN Cloud and Photon
- Gcore manages its global IT infrastructure across six continents. Its network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total network capacity exceeding 200 Tbps
- Gcore generated in excess of $80 million in revenue in the fiscal year ending December 31, 2024
Process
- The DC Advisory team, led by Alexander Luycx, acted as exclusive financial advisor to Gcore and its shareholders
- DC Advisory advised Gcore and its shareholders on the valuation, structuring, and corporate governance of the strategic investment by Northern Data Group
- DC Advisory also advised Gcore on the merits of the commercial partnership and the interplay with the strategic investment
- The DC Advisory team provided advisory support, including option valuation, due diligence support, and negotiations with Northern Data Group
Outcome
- Gcore received a strategic investment from Northern Data Group, supporting the company’s ambition to transform AI deployment and Inferencing through the establishment of the Intelligence Delivery Network – a critical enabler for the wider adoption of AI inferencing applications
- Gcore and Northern Data Group’s partnership aims to deliver a full-stack AI platform, from foundational hardware to inference endpoints
- As part of this transaction, Northern Data Group has secured an option to acquire a majority of the outstanding capital stock of Gcore at a predefined valuation and has taken two seats on the Board of Gcore
- This transaction highlights DC Advisory’s expertise in advising European-headquartered companies on cross-border M&A, and its commitment to long-term client partnerships, having previously advised Gcore on the raising of its $60m Series A fundraising in 2024
- This transaction adds further to DC Advisory's strong track record in the AI, cloud & network infrastructure-as-a-service sector globally
“It has been a great pleasure working with the DC Advisory team again on this transaction. Their expertise and strategic guidance have been instrumental in achieving the best outcome for Gcore and its shareholders. This strategic investment partnership will support Gcore’s mission to connect the world to AI with low latency, leveraging cutting-edge infrastructure to power the next generation of AI-driven applications.”
“The shareholders of Gcore were keen for the company to participate in the global AI deployment and Inferencing market opportunity. We were delighted to partner again with DC Advisory to help us execute on that vision. DC Advisory’s tireless commitment, transaction structuring expertise and advice were instrumental in delivering an exceptional outcome for Gcore’s stakeholders through the strategic partnership between Gcore and Northern Data Group.”
We are delighted to have advised Gcore on its strategic partnership with Northern Data Group, transforming the AI deployment and Inferencing industry globally. Having advised Gcore last year on its series A, we are thrilled to see Gcore becoming a category leader in partnership with Northern Data Group. We wish the team all the success in further transforming the industry.”
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Sectors
- Technology & Software
Deal type
- M&A Advisory
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