Skaylink, a European cloud service provider and a portfolio company of Waterland Private Equity, has acquired cVation, a leading cloud service provider in Denmark. This strategic partnership seeks to further diversify and professionalise the Skaylink cloud service portfolio and to use synergy effects to strengthen the companies’ common market position in Europe. Two members of the cVation founding team will retain a stake in Skaylink and remain committed to the company in their usual functions.
Hengeler Mueller advised Skaylink on the transaction. The team included partner Elisabeth Kreuzer (M&A, Munich) as well as associates Daniel Blagojevic (M&A, Munich) and Henning Hilke (Financing, Frankfurt).
Hengeler worked together with Bruun & Hjejle who advised on Danish law matters of the transaction.
A Hengeler Mueller team led by Elisabeth Kreuzer had also recently advised Skaylink on the acquisition of root360, a leading provider of managed services in the Amazon Web Services (AWS) Cloud environment, as well as of BTT Cloud, a Lithuanian cloud service provider.