Freshstream takes controlling stake in IT infrastructure provider Worldstream

Private Equity Wire

Middle-market private equity firm Freshstream will acquire a controlling stake in Dutch IT infrastructure-as-a-service provider Worldstream.

In a press statement, Freshstream said that Worldstream had a strong track record of growth, underpinned by its data centres and customer service, and was positioned to benefit from a shift from on-premise to outsourced infrastructure, growing data consumption and increasingly complex use-cases.

Worldstream was founded in 2006 by Dirk Vromans and Lennert Vollebregt, who led the business through its initial growth phase. They will remain minority shareholders in the group following the transaction, having stepped back from their executive roles in 2020.

Worldstream will be the seventh investment in Freshstream’s first independent fund, which closed last year having raised €762m, joining existing portfolio companies Project Better Energy, DeterTech, Bella Figura Music, Big Motoring World, Nafinco and MCR.

The full article is available here. This article was published at Private Equity Wire.