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Ardian
| Ardian Infrastructure | |
|---|---|
| Date: | March 2024 |
| Deal size: | US$575m acquisition of Verne Global (data centre portfolio) |
| About the client: | Ardian is a world-leading private investment house, managing or advising US$156bn of assets |
| About the transaction: | Akur advised Ardian infrastructure as buy-side financial advisor in the acquisition of 100% of the data centre assets from Digital 9 Infrastructure plc. A complex cross-border transaction including data centres in Iceland, Finland and the UK, with a clear focus on highly sustainable data centre provision and favoured by AI, machine learning and large language model applications.
Akur advised Ardian across the entirety of the transactions and in the negotiations with Digital 9 and its investment Manager, Triple Point, including when the process became competitive. The transaction incorporated a significant earn-out structure for the benefit of Ardian which reduced the upfront cash payment, as well as the business plan risk. The transaction has provided Ardian with a platform to deliver its ambitious data centre expansion plan across the Nordics. |
| Lead: | Tom Frost |
