Kirkland & Ellis is advising GIC, Singapore’s sovereign wealth fund, on the $3.9 billion additional joint ventures with Equinix, Inc. (Nasdaq: EQIX) in the form of limited liability partnerships, which when closed and built out will bring the xScale™ data center portfolio to greater than $6.9 billion across 32 facilities globally.
Under the terms of the JV agreements, GIC will own an 80% equity interest in the future joint ventures and Equinix will own the remaining 20% equity interest. The JV projects are expected to close in several waves over the course of 2021, pending regulatory approval and other closing conditions.
The Kirkland team was led by corporate partners Celyn Evans and Matthew Elliott and associates Nick-Raj Birdi, Chris Connolly, Miroslav Tomo, Toshi Mahapatra and Christopher Weale; tax partners Tim Lowe and Cian O’Connor and associate Loviisa Langdon; technology & IP transactions partner Joanna Thomson and associate Ben Zeris and finance partner Kazik Michalski.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
