Baker & McKenzie LLP
11/12/2024 | Press release | Distributed by Public on 11/12/2024 05:37
Baker Mckenzie Advises Main Shareholder on Exit From Atlantic Hub
Baker McKenzie has advised the main shareholder of Atlantic Hub, who is controlled by Art-Invest Real Estate, on the sale to Digital Transformation Capital Partners (DTCP).
Atlantic Hub was established in 2018 as a joint venture between Art-Invest Real Estate and a local partner and develops large-scale data centers in Northern Ireland and Ireland. The company has recently been granted permission to build a large campus in Derry, Northern Ireland - one of the region's most significant infrastructure projects. Further developments, including another campus in Donegal, Republic of Ireland, are in the pipeline. Atlantic Hub is planning state-of-the-art data centers with a capacity of up to 170 MW to meet the growing demand for high-performance cloud computing and AI for large technology companies.
Baker McKenzie advised comprehensively on transactional matters and on the structuring of the sellers' internal relationship.
"We are pleased to have been able to support the owners of Atlantic Hub in reaching this milestone in the project's development and in facilitating the next development phases," said Daniel Dehghanian, lead partner on this transaction.
Baker McKenzie's Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Haron Holding S.A. on takeover delisting offer, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of the C&I business from Culligan, Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing, VINCI Energies on the acquisition of the Fernao Group and GNMI on agreement to acquire the Surface Solutions Business from Merck.
Legal advisor to the Atlantic Hub main shareholder:
Baker McKenzie
Lead: Corporate/M&A: Daniel Dehghanian (Partner, Düsseldorf)
Team: Corporate/M&A: Sophie Ulrich (Counsel, Düsseldorf), Dr. Jan Lucas Gutsche (Associate, Düsseldorf)
Atlantic Hub was established in 2018 as a joint venture between Art-Invest Real Estate and a local partner and develops large-scale data centers in Northern Ireland and Ireland. The company has recently been granted permission to build a large campus in Derry, Northern Ireland - one of the region's most significant infrastructure projects. Further developments, including another campus in Donegal, Republic of Ireland, are in the pipeline. Atlantic Hub is planning state-of-the-art data centers with a capacity of up to 170 MW to meet the growing demand for high-performance cloud computing and AI for large technology companies.
Baker McKenzie advised comprehensively on transactional matters and on the structuring of the sellers' internal relationship.
"We are pleased to have been able to support the owners of Atlantic Hub in reaching this milestone in the project's development and in facilitating the next development phases," said Daniel Dehghanian, lead partner on this transaction.
Baker McKenzie's Corporate/M&A practice regularly advises on domestic and international transactions. Most recently, Baker McKenzie advised Haron Holding S.A. on takeover delisting offer, UBE Corporation on its acquisition of the Urethane Systems business from LANXESS, Grundfos on the acquisition of the C&I business from Culligan, Flipp Operations on joining forces with MEDIA Central to create the world's leading provider of drive-to-store marketing, VINCI Energies on the acquisition of the Fernao Group and GNMI on agreement to acquire the Surface Solutions Business from Merck.
Legal advisor to the Atlantic Hub main shareholder:
Baker McKenzie
Lead: Corporate/M&A: Daniel Dehghanian (Partner, Düsseldorf)
Team: Corporate/M&A: Sophie Ulrich (Counsel, Düsseldorf), Dr. Jan Lucas Gutsche (Associate, Düsseldorf)