Kirkland & Ellis advised an Asia real estate fund managed by Apollo Global Management, Inc. (NYSE: APO), a high-growth global alternative asset manager, on its formation of a joint venture with the management team at Beijing Haoyang Cloud Data Technology Co., Ltd. (Haoyang Data) and Mandarin Capital Management Limited (Mandarin Capital) to acquire an 80 per cent interest in a data center asset known as Baoding No. 1 Data Center Project in Hebei Province, China.
Baoding No. 1 Data Center Project is a key development in Hebei that further strengthens the high-technology, cloud computing and big data capabilities in the region. The project covers an area of about 42,000 square meters located in a strategic location just 35 kilometers south to Beijing and 125 kilometers west to Tianjin, an hour within the Beijing-Tianjin-Hebei economic zone.
In 2021, Kirkland also represented the Apollo fund on its formation of a joint venture with the Haoyang Data management team and Mandarin Capital, as well as the joint venture’s acquisition of its first data center asset, which is known as Langfang No. 1 Data Center Project in Hebei Province.
The Kirkland team was led by transactional partners Paul Guan and Eugenie Hui.