Global law firm Clifford Chance has advised data centre provider Global Switch Holdings Limited (“Global Switch”) in relation to its involvement in the AU$2.12 billion sale of Global Switch Australia by Global Switch Group Limited to HMC Capital Limited.
The sale of Global Switch Australia comprises two adjoining 26MW data centre sites in Sydney, representing the only large-scale data centre campus in the densely connected Sydney CBD and one of the largest data centre campuses in Australia. The proceeds of the transaction will strengthen Global Switch’s balance sheet as it looks to capitalise on growth opportunities in prime geographies, including the building of new data centres, redevelopment of existing sites, and integration of the latest cooling technologies.
The transaction is expected to close in 2025, subject to customary closing conditions and approvals.
Partner David Clee said, “We were privileged to advise Global Switch on its involvement in this significant transaction, including assisting them to navigate complex regulatory, separation and intellectual property issues. This transaction highlights the increasing global demand for data centres, driven by the rapid rise of artificial intelligence and quantum computing, and the need for robust digital infrastructure.”
David and counsel Marcus Berghouse advised on the complex M&A and separation aspects of the transaction. Hong Kong counsel Brian Harley advised on tech and IP aspects.
Global Switch is a leading owner, operator and developer of large-scale, carrier and cloud neutral, multi-customer data centres in Europe and Asia Pacific.
