Linklaters advises Brookfield and Data4 on the sale of interests in Data4’s European stabilised data centre portfolio to Arjun and Interogo

Linklaters has advised Brookfield and Data4, a leading European data centre operator, on the sale of interests in Data4’s European stabilised data centre portfolio to Arjun, a European specialist mid-market infrastructure manager, and Interogo, a foundation-owned investment group.

This news follows the firm advising Data4 on its €3.3bn debt raise earlier this year, the largest digital infrastructure financing of its kind in Europe, following a complex cross-border reorganisation. This saw the business split into two separate platforms, a ‘StableCo’ platform of hyperscale data centres in Paris, Madrid and Milan with a combined capacity of 244MW, and a ‘GrowthCo’ platform for the development of pipeline data centre assets.

The sale of significant minority stakes in the StableCo platform to Arjun and Interogo will continue to fuel the growth of Data4, as it looks to expand its high-quality data centre offering in new and existing jurisdictions.

The cross-discipline team was led by Corporate Partner Chris Boycott, with support from Corporate Partner David Martin and Managing Associate Thomas Scott.

They were supported by Energy and Infrastructure Partner Ross Schloeffel, TMT Partner Rich Jones, Tax Partner Jamie Coomber and AFIG Partner Natura Gracia, as well as a cross-border team of specialists in Milan, Madrid, Paris and Luxembourg.

Data4’s experienced management team will continue to manage the StableCo portfolio, and the Linklaters TMT team played a significant role in negotiating and documenting the management arrangements.