Investment Management Corporation of Ontario (IMCO), one of Canada’s largest institutional investors, has announced that it has completed an investment of US$250 million in Scala Data Centers (Scala). Scala is a leading Latin American sustainable data centers platform in the Hyperscale market, headquartered in Brazil and backed by DigitalBridge. Scala has one of the largest portfolios of secured power and land in the region, surpassing 1 GW of critical capacity.

Latham & Watkins LLP represents IMCO in the transaction with an M&A team led by partners Tony Del Pino and Salvatore Vanchieri, with associates Greg Sorensen, Robert Cunningham, Melanie von Staa Toledo, Eugenio Ascanio Carrera, and Rafael Go. Advice was also provided on tax matters by partner Alan Kimball, with associate Jacob Nagelberg; and on intellectual property matters by partner Morgan Brubaker.