Case Study: Data centres in Europe
ADC provides low cost, private-campus fibre connectivity to some of the world’s leading cloud providers. One of the financings related to ADC’s established portfolio of businesses. The other was for a new development, for a hyperscale tenant, financed on a stand-alone basis. CMS’ extensive experience with fibre and data centre projects enabled these two very large financings to come together on time, despite short timescales, and within budget.
CMS also advised a syndicate of lenders on a multi- hundred million euro financing of Atlas Edge’s data centre expansion across multiple jurisdictions in Europe. Atlas Edge is a pan-European data centre platform, a joint venture between Liberty Global and Digital Edge, with locations spanning Belgium, Denmark, France, Germany, Ireland, Italy, the Netherlands, Poland, Spain and Switzerland.
The project had a high degree of complexity, involving cross-practice advice from a technology, commercial, competition, regulatory, real estate, energy and finance perspective. CMS’ multi- jurisdictional and multi-discipline practice made us almost uniquely well placed to deliver this first-of-its-kind to market financing as a one-stop- shop solution.
CMS’ extensive experience with fibre and data centre projects enabled these two very large financings to come together on time, despite short timescales, and within budget.
