Hogan Lovells advises Pantheon as co-lead investor in CAD$1.8billion technology data center transaction
Northern Virginia, 8 July 2024 – Global law firm Hogan Lovells has advised Pantheon, acting on behalf of its managed funds and accounts, as co-lead investor on its investment in eStruxture Data Centers (“eStruxture”), the largest Canadian data center platform. Pantheon’s investment was part of an overall CAD$1.8billion transaction led by Fengate Asset Management (“Fengate”) in which Fengate significantly increased its equity stake in eStruxture.
Amid increasing global demand for data storage and the processing of vast amounts of digital information, the deal sets a new standard for innovation and growth in the Canadian technology sector as the single biggest investment to ever be made in the Canadian data center sector.
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets and private credit. The firm has partnered with more than 650 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately US$65bn in discretionary assets under management (as of December 31, 2023). Leveraging its specialized experience and global team of professionals across Europe, the Americas and Asia, Pantheon invests with purpose and leads with expertise to build secure financial futures. Pantheon launched its dedicated infrastructure strategy in 2009 and now has one of the largest infrastructure platforms globally, with more than US$20bn in discretionary assets under management. It is a pioneer in infrastructure secondaries, having committed in excess of US$7.5bn to approximately 60 investments, including the full range of LP portfolio sales and GP-initiated capital solutions. For more on Pantheon, click here.
The Hogan Lovells team was led by partner Adam Brown and counsel Michael Rogers (both Northern Virginia) with support from counsel Caitlin Piper (Washington, D.C.) and associates Sean MacDonald and Joseph Slattery (both Northern Virginia).