SWI Group Secures €260M for North American AI and Data Center Expansion

SWI Group announced a €260 million capital increase to support its expansion into North America. This initiative follows its acquisition of a significant stake in a US data center company, TargetCo. The funds were raised through a private placement of ordinary shares, equally divided between founder Max-Hervé George and co-investor Aliya Fund Limited. Shares were issued at €5.20, with trading admission expected soon.

The capital will partly finance the acquisition of TargetCo and serve other corporate purposes. Investors received a conditional redemption right tied to special liquidity events related to TargetCo. This transaction was approved by SWI's board, classified as a related party transaction.