2e2 rescue deal: Daisy swoops in, grabs data centre ops
Oakley Capital owner slurps
Acquisitive telco player Daisy Group is taking control of defunct 2e2's data centre operations.
Under the terms of the deal, Peter Dubens, owner of Oakley Capital and chairman at Daisy Group has created a special purpose vehicle Daisy Data Centre Solutions to buy the business and assets which include server farms in Gateshead and Reading.
In a canned statement, Daisy Group CEO Matthew Riley said: "Through the additional data centre facilities the group is in a position to significantly expand its data hosting footprint."
Daisy Group already runs services from data centres in Manchester, Southampton and London but the addition of the 2e2 facilities doubles total available power from two megawatts to four, the firm said today.
The move may give some comfort to 2e2 data centre services customers who were asked last week by administrator FTI Consulting to collectively stump up £960,000 to keep the lights on.
The administrator was running out of cash to fund the operation since its appointment on 28 January - 2e2 was losing £300k a day - and had no other option but to ask its data centre customers to keep things running by stumping up amounts between £4,000 and £40,000.
Not everyone took this lying down and as revealed the Atomic Weapons Establishment decided to take its business elsewhere, though it is unclear how many others have followed suit.
FTI was hauled into 2e2's UK ops to seek out a buyer for the business, after an effort to refinance the biz failed to get support.
The administrator had wanted to find a buyer for the UK assets but suitors including Daisy Group, Computacenter and Logicalis parent Datatec walked away after looking at the books.
The data centres are the second part of 2e2 to be sold by FTI, with O2 last week taking on 2e2 staff that worked as part of the O2 Unify jointer venture.
Daisy was unavailable to comment further. ®