The financing, which is being provided by a group of banks and funds, adopts a bespoke structure that has been specifically tailored for the benefit of maincubes’ data centre development pipeline in Germany and the Netherlands, with the potential to expand into other European jurisdictions. The Allen & Overy team comprised lawyers from the London, Frankfurt, Amsterdam and Luxembourg offices.

Jan Skuhravy, infrastructure partner in A&O’s London office, who led the Allen & Overy team, commented: “It has been a great privilege to have advised maincubes on in connection with this ground-breaking financing.  It firmly cements our market-leading position on financings and M&A in the data centre space globally, following hot on the heels of our advice on the recent EdgeConneX refinancing and on the additional facility for Vantage Data Centers.”

The Allen & Overy team in London was led by partner Jan Skuhravy and supported by senior associate Megan Chen-Schlote and associates Andrew Wells and Danielle Hyde. The Frankfurt team was led by partner Olaf Meisen and included counsel Stefan Kuhm, senior associate Stipe Bojanic and associate Felix Fitschen. In Amsterdam the team included Nicolette van den Bosch and Dimitri Kolias. In Luxembourg, the team included senior associate Lukas Vondrich and associate Martin Poirier. Specialist hedging advice was provided by London partner Parya Badie and associate Michel Abi Saab. Specialist tax advice was provided by Frankfurt tax partner Dr Heike Weber and associate Manuel Koechel.