Kirkland Advises GIC on US$526 Million Joint Venture with Equinix to Build Hyperscale Data Centers in Korea
Kirkland is advising GIC, Singapore’s sovereign wealth fund, on the agreement to form a US$525 million joint venture in the form of a limited liability partnership with Equinix to develop and operate two xScale data centers in SEOUL, KOREA. This new joint venture will bring the global xScale data center portfolio to more than US$8 billion across 36 facilities, and an expected greater than 720 MW of power capacity when completed and fully constructed.
Read the Equinix press release
The Kirkland team was led by corporate partners Celyn Evans, Nick-Raj Birdi and Matthew Elliott; debt finance partner Kazik Michalski; tax partners Timothy Lowe and Cian O’Connor; and technology and IP transactions partners Emma Flett and Jennifer Wilson.