News and Deals
News and Deals
Linklaters advised Charoen Pokphand Group (CP Group) and True Internet Data Center (True IDC) on their strategic partnership with Global Infrastructure Partners (GIP), the global infrastructure fund owned by BlackRock; and on the successful closing of a US$550m project financing to support its development and construction of a greenfield data centre in Rayong Province, Thailand.
The strategic partnership aims to accelerate Thailand’s digital infrastructure transformation to world class standards, support the rapid growth of AI and cloud computing, help to drive Thailand to become ASEAN’s leading digital economy hub and increase sustainable innovation across the region. True IDC, Thailand’s leading data centre and cloud service provider under CP Group, plans to leverage this collaboration to expand investment in data centres business across ASEAN.
The project financing will support the development and construction of a proposed hyperscaler data centre of up to 102.6MW capacity, designed to support high-intensity workloads and the needs of global technology companies investing in Thailand. This project also marks GIP’s first greenfield data centre development globally.
The Linklaters cross-jurisdictional, multidisciplinary team was led by energy & infrastructure partners Wilailuk Okanurak and Wanwisar Nakarat, TMT/IP partner Alaister Johnson and partner and Asia Head of Construction Mark Veitch, with support from managing associate Charlie Bown.
Linklaters’ energy & infrastructure partner Wilailuk Okanurak commented:
“We are delighted to have supported CP Group and True IDC on this landmark transaction. It underscores Linklaters’ commitment to supporting clients at the forefront of digital and infrastructure investment in the region. The strategic partnership and successful financing will help shape the next chapter of digital infrastructure in Thailand, driving innovation, sustainability and connectivity for years to come. Congratulations to all parties involved!”
The transaction builds on the Linklaters team’s track record in, and deep understanding of, digital infrastructure acquisitions and financings worldwide. The firm regularly advises clients on international data centres work, combining deep sector knowledge and technical expertise with local insight and language capabilities. The Asia team recently advised on three financings for Blackstone-backed AirTrunk, a leading data centre operator in the Asia Pacific region. These transactions showcased the firm’s ability to assemble cross-border, multi-disciplinary teams to deliver integrated advice on complex, high-value projects, further underlining Linklaters’ position as a leading advisor in digital infrastructure.