Fasken advised eStruxture with respect to the acquisition and the entering into of the credit facility. Osler, Hoskin & Harcourt LLP acted for Fengate Capital Management.
In April 2021, eStruxture, a Canadian-owned cloud and carrier-neutral data center provider, acquired eight data centers, five in Toronto, two in Montreal and one in Vancouver, along with all customers and employees associated with the colocation business from Aptum Technologies’ a portfolio company of Digital Colony.
eStruxture has secured incremental equity financing from Caisse de dépôt et placement du Québec (CDPQ) and Fengate Asset Management (Fengate) as well as a credit facility with Deutsche Bank Credit Solutions and Direct Lending, and a group of Canadian banks, for a total of over $600 million Cdn. The majority of these institutions have supported and invested in eStruxture’s growth since the company first began operations in 2017.
The amount will fund the acquisition of the entire Canadian data center business from Aptum which finalized on Friday, April 30th, as well as enable eStruxture to execute on additional capital expansion projects across the Canadian market, and ultimately deliver increased value to its customers.
eStruxture is the largest Canadian-owned cloud and carrier-neutral data center provider.
The Fasken team consisted of Peter Villani (Picture), Nicole Park, Guillaume Saliah, Marie-Christine Valois and Anthony Sylvain (Corporate/M&A), Martin Racicot and David Rimock (Banking), Antonio Di Domenico, and Justine Reisler (Competition), Rhonda Grintuch and Jackie VanDerMeulen (Labour and Employment) Elias Retsinas, Mathieu Renaud and Caleigh Dayan (Real Estate), Jean-Philippe Mikus (Technology) and Jean-Philippe Therriault (Environmental).
The Osler, Hoskin & Harcourt team consisted of Brian Gray (Corporate), Chris Bennett (Financial Services) and Michael Grantmyre (Emerging and High Growth Companies).
eStruxture’s legal team was led by Marie-Josée Lapierre, its Senior Vice President, General Counsel and Corporate Secretary.
Involved fees earner: Caleigh Dayan – Fasken Martineau; Antonio Di Domenico – Fasken Martineau; Rhonda Grintuch – Fasken Martineau; Jean-Philippe Mikus – Fasken Martineau; Nicole Park – Fasken Martineau; Martin Racicot – Fasken Martineau; Justine Reisler – Fasken Martineau; Mathieu Renaud – Fasken Martineau; Elias Retsinas – Fasken Martineau; David Rimock – Fasken Martineau; Guillaume Saliah – Fasken Martineau; Anthony Sylvain – Fasken Martineau; Jean-Philippe Therriault – Fasken Martineau; Marie-Christine Valois – Fasken Martineau; Jackie VanDerMeulen – Fasken Martineau; Peter Villani – Fasken Martineau; Chris Bennett – Osler Hoskin & Harcourt; Michael Grantmyre – Osler Hoskin & Harcourt; Brian Gray – Osler Hoskin & Harcourt;