AGC Equity Partners’ Joint Venture With Iron Mountain Incorporated

Freshfields advised AGC Equity Partners on the formation of a joint venture with Iron Mountain Incorporated. Latham & Watkins LLP represented AGC in the transaction.

In the 300 million+ Euro JV, AGC will own of 80 percent of the equity interest, to develop a 280,000 square foot, or 27 megawatt, hyperscale data center currently under development in Frankfurt am Main. The full build-out of the data center is expected to be completed in the second quarter of 2022.

Iron Mountain Inc. (NYSE: IRM) is an American enterprise information management services company founded in 1951 and headquartered in Boston, Massachusetts.

AGC Equity Partners Ltd is a global alternative asset investment firm. The Company offers investments globally across the capital structure in private equity, real estate, secondaries and hedge funds.

The Freshfields team consisted of Partner: Niko Schultz-Süchting (Picture – Real Estate, lead), Thijs Flokstra, Frank Laudenklos (both Finance), Frank Röhling (ACT), Counsel and Principal Associates: Moritz Heidbuechel (Real Estate), Till Burmeister, Marius Weyers (both Corporate/M&A), Rodolfo van Vlooten (Finance), Associates: Jacqueline Päßler (Real Estate), Nicolas Sölter (Regulatory), Emelde Rubaij Bouman, Vivianne van der Hauw (Corporate/M&A), Dennis Chinnow (Finance), Jonas von Kalben, Alexander Sekunde (both ACT).

Latham & Watkins LLP represented AGC in the transaction with a real estate team led by New York partners Michael Haas and Dara Denberg, with associate Laura Janowitsch. London real estate partner Neil Ferguson, with associate Christopher Cox, advised on English law matters; New York partner Edward Nelson advised on investment funds matters; and Washington, D.C. partner Les Carnegie advised on regulatory matters.

Involved fees earner: Till Burmeister – Freshfields Bruckhaus Deringer LLP; Dennis Chinnow – Freshfields Bruckhaus Deringer LLP; Thijs Flokstra – Freshfields Bruckhaus Deringer LLP; Moritz Heidbuechel – Freshfields Bruckhaus Deringer LLP; Frank Laudenklos – Freshfields Bruckhaus Deringer LLP; Jacqueline Päßler – Freshfields Bruckhaus Deringer LLP; Frank Röhling – Freshfields Bruckhaus Deringer LLP; Emelde Rubaij Bouman – Freshfields Bruckhaus Deringer LLP; Niko Schultz-Suchting – Freshfields Bruckhaus Deringer LLP; Alexander Sekunde – Freshfields Bruckhaus Deringer LLP; Nicolas Sölter – Freshfields Bruckhaus Deringer LLP; Vivianne van der Hauw – Freshfields Bruckhaus Deringer LLP; Rodolfo van Vlooten – Freshfields Bruckhaus Deringer LLP; Jonas Von Kalben – Freshfields Bruckhaus Deringer LLP; Marius Weyers – Freshfields Bruckhaus Deringer LLP; Les Carnegie – Latham & Watkins; Christopher Cox – Latham & Watkins; Dara Denberg – Latham & Watkins; Neil Ferguson – Latham & Watkins; Michael Haas – Latham & Watkins; Laura Janowitsch – Latham & Watkins; Edward David Nelson – Latham & Watkins;

Law Firms: Freshfields Bruckhaus Deringer LLP; Latham & Watkins;

Clients: AGC Equity Partners;