Data Center Build-Out Supports High Valuations

Andrew Calder joined Dani Burger and David Carnevali on “Bloomberg Deals” alongside George Bilicic, managing director and global head of power, energy & infrastructure at Lazard, to discuss the rapid growth of AI data centers, the increasing demand for energy infrastructure and the accelerating pace of energy deals.

Kirkland has often been highlighted as the leading firm on data center transactions, advising on most of the landmark deals that have helped define the sector’s evolution from modest developments into gigawatt-scale campuses backed by billions of dollars of investment. In 2025 alone, we advised on more than $169 billion in M&A and joint venture deals and over $81 billion in financings related to data centers.