Sale of Estonian data center MCF to European infrastructure fund 3SIIF

Sale of Estonian data center MCF to European infrastructure fund 3SIIF logo

MCF Group Estonia OÜ, which is building the largest data center in the Baltics, has been acquired 3SIIF.

The Three Seas Initiative Investment Fund (3SIIF) is a fund for infrastructure investment planning in Central and Eastern Europe, focusing on the energy, transport and digital infrastructure sectors.

MCF’s data center is to be opened near Tallinn in 2021 and will have a maximum capacity of up to 20 MW. 3SIIF acquired MCF through Greenergy Data Centers OÜ.

Estonia has one of the highest cloud penetration rates for enterprises in Europe and the government is also a strong supporter of digitalisation with many innovative initiatives. The goal of 3SIIF is to establish energy-efficient data centers in Central and Eastern European countries, and the acquisition of MCF is a first very strategic step. 3SIIF and Amber Infrastructure, the investment adviser to 3SIIF, believe that in light of growing data volumes, there is a demand for modern data centers in the entire Central and Eastern European region that are energy efficient and meet the highest security requirements.

The Sellers of MCF were Finnish and Estonian private investors and family offices, who funded the project from the establishment of the company in 2016. Pictures from the roofing party of the data center, held in September 2020, can be found below.

MCF’s home page can be found here

For 3SIIF’s press release, please visit

Amber Infrastructure’s press release

An article by the Estonian newspaper Postimees:

LinkedIn post by MCF’s co-Founder and Chairman Tero Viherto:

Oehlandt & Co acted as the exclusive financial adviser to the Sellers.

December 2020.