3i Infrastructure plc’s Acquisition of Global Cloud Xchange

Allen & Overy advised 3i Infrastructure plc on the deal.

3i Infrastructure plc acquired Global Cloud Xchange (GCX).

GCX is a leading global data communications service provider and owns one of the world’s largest private subsea fibre optic networks, with 66,000km of cables across 46 countries from North America to Asia, providing high-bandwidth connectivity to a range of blue-chip customers including hyperscalers, telecommunications operators, new media providers and enterprises.

The transaction is conditional upon a number of regulatory approvals and completion is expected mid-2022.

The A&O team advised 3i Infrastructure was led by Infrastructure M&A partner Sara Pickersgill (Picture) supported by senior associate Fatima Shawaf. Infrastructure finance partner Ed Moser is leading on financing for the transaction, supported by associates Rhushub Bidd and James Pritchard. Telecoms sector head Tom Levine is providing specialist telecoms advice, and advice on foreign direct investment and national security regimes is provided by partner Dominic Long, assisted by counsel Charles Pommies and senior associate David Weaver.

Involved fees earner: Tom Levine – Allen & Overy; Dominic Long – Allen & Overy; Edward Moser – Allen & Overy; Sara Pickersgill – Allen & Overy; Charles Pommies – Allen & Overy; James Pritchard – Allen & Overy; Fatima Shawaf – Allen & Overy; David Weaver – Allen & Overy;

Law Firms: Allen & Overy;

Clients: 3i Infrastructure;

Author: Giulia Di Palma