Kirkland & Ellis has advised GIC, Singapore’s sovereign wealth fund, on the 80:20 joint venture agreement with Equinix, the global interconnection and data centre company, to acquire and develop six hyperscale data centres in Europe for more than US$1 billion. The Venture will acquire two operational data centres in London and Paris, which together deliver approximately 31MW of critical power to customers. It plans to further develop four data centres in Amsterdam, Frankfurt (two sites) and London. When fully developed, these initial six facilities will provide approximately 155 megawatts of power capacity. Equinix will develop, operate, and manage the data centres.
The Kirkland team was led by London M&A partners Matthew Elliott, Carlos Gil Rivas and Celyn Evans; debt finance partners Jonathan Birks and Kazik Michalski; tax partners Jonathan Kandel and Frixos Hatjantonas.