Ark Continuity Limited Announces Recapitalisation by Ark Data Centres, 27th May 2013
Corsham, England, 20 July 2012: Ark Continuity Limited, which specialises in the design, construction and operation of high integrity data centres in the UK, has completed a recapitalisation of its business by a consortium led by Revcap Advisors Limited.
The recapitalisation will enable Ark to continue to build out its UK platform by constructing further stock on its current data centre campus locations at Spring Park, Corsham and Cody Park, Farnborough; where Ark has already built and is operating four fully occupied data centres. The existing campuses have the capacity to deliver up to 80 MW of IT load in a variety of modular configurations.
Jeffrey Thomas, founder of Ark, commented: “Having spent a considerable amount of time working with Revcap and the consortium to establish the new corporate structure, the Ark Board is delighted with the result and the enhanced financial capabilities this brings to the business. The improved capital structure and leadership team of the company will position Ark for substantial growth over the coming years.”
“The flexibility of the new equity allows Ark to continue its focus on delivering data centre infrastructure on a scalable, modular basis at campus locations that are built on security and availability without compromising sustainability. This is the philosophy at the heart of everything we do.”
Ark, headquartered in Corsham in Wiltshire, has seen immense growth in interest for its data centre solutions over the past three years. It is one of a small number of companies in the industry that has actually delivered operational facilities for clients throughout the recession. Ark plans to build out its current 80 MW of IT load on a build to suit basis or via its standard modular or bespoke high security data centre designs.
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Notes to Editor
About Ark Continuity
Ark specialises in the design, construction and operation of high integrity data centres, developed to deliver optimum security with the highest levels of availability without compromising sustainability; from the ground up. Ark’s objective is to industrialise the data centre market, eliminating errors and costs associated with one off; custom built solutions favouring the inherent quality, improved performance and economies of a modular, manufactured solution.
Ark’s first data centre was built at Spring Park, Corsham in 2002 for a major UK mobile network and its partners. From here, it deploys communications gateways, cross platform exchanges, processes data and store devices to support the ever growing mobile data sector. Ark has subsequently built two further data centres at Spring Park, which are fully occupied. In 2011, Ark delivered its maiden data centre at Cody Park, Farnborough in response to a customer requirement for synchronous data replication in a high security environment.
The Spring Park and Cody Park data centre campus locations will house a variety of high integrity data centres offering a flexible approach to organisations who appreciate the need for secure, available and sustainable data processing, storage and communications solutions. Both sites are also aligned with the UK government’s policy of reducing the environmental impact of ICT by ensuring improvements in energy efficiency; in particular focusing on the UK’s Carbon Reduction Commitment.
The transaction also involves Ark consolidating 100% ownership of the Corsham and Farnborough properties.
Ark currently delivers data centre solutions endorsed at Impact Level (IL) 3 and up to IL5; with comprehensive risk based, multi-layered, security regimes accredited to ISO 27001 and JSP 440 (controls). These include 24 x 7 guarding, monitoring and management from onsite command centres.
Ark achieves the highest standards in availability and is accredited to BS 25999. Rigorous engineering and leading technology combined with modular, predictable and scalable infrastructures deliver choice of resilience, power density and energy configurations to meet occupiers’ requirements.
Ark, accredited to ISO 14001, deliver sustainability from the ground up; from design, build, energy sources, use and waste, to operations and end of life, Ark actively seeks to minimise the impact to the environment whilst promoting social responsibility and delivering the best economic outcome.
In May 2012, Ark was global finalist in the Modular Data Centre Product Deployment category of the Uptime Institute’s 2012 Green Enterprise IT Awards for its delivery of an energy efficient data centre customised to client requirements and which was delivered in less than 6 months.
Between them, the Ark team of industry professionals has vast experience in mission critical engineering and have delivered on major projects across the UK, Europe and USA.
Ark is headquartered at Hartham Park, an executive business park based in a listed Grade 2 Georgian Mansion House located in 50 acres of parkland, and situated just a few miles from Spring Park. Ark also has operational offices in Mayfair, London.
Real Estate Venture Capital Management LLP was established in 2004 as an independently owned co-investor that provides joint venture equity and mezzanine/preferred equity capital to real estate transactions alongside co-investing local operating partners in selected European markets.
Revcap is an investor that seeks to generate out-performance by focusing on off-market investment opportunities and situations where assets can be enhanced via active asset and operational management. Revcap has a nimble investment style with multiple investment strategies to capitalise on relevant market opportunities.
In 2009, an FSA regulated affiliate, Revcap Advisors Limited, was established to allow external investors the opportunity to participate in Revcap transactions via Revcap managed and sponsored investment vehicles.
Revcap has invested over £500 million of equity on behalf of a number of institutional investors in a series of separate account structures. Revcap Advisors has also recently had a first closing with a number of institutional investors of a new opportunity fund that the firm is advising.
Revcap is headquartered in London with offices in Paris, Frankfurt and Stockholm.