22 December 2021
- Spencer Baylin, Genevieve Edye, Reem Ka'ati, Natalia van der Laat, Katia Gauzès, Lauren Harris, Megi Bllaca
Clifford Chance advises Partners Group on its acquisition of atNorth, the largest sustainable data center operator in Iceland
International law firm Clifford Chance advised longstanding client Partners Group, a leading global private markets firm, acting on behalf of its clients, on the acquisition of atNorth,
atNorth is a leading data center platform providing renewable-only, power efficient, and cost-optimized data center hosting services to clients. Partners Group will work to transform atNorth into a major pan-Nordic provider of sustainable and efficient data center solutions.
The company's data centers are supplied entirely by renewable power and utilize local climate conditions and heat recovery systems to provide extremely power efficient facilities. atNorth serves around 100 clients across its High Performance Compute (HPC), Enterprise, and Blockchain customer segments, including local and international blue-chip companies.
This deal follows several significant, recent digital infrastructure projects on which Clifford Chance has advised, as the sector continues to see increased interest from a broad range of financial investors.
The Clifford Chance team was led by Spencer Baylin with support from Priya Shah, Genevieve Edye, Reem Ka'ati, Natalia van der Laat and Jason Doukakis. Jens Bengtsson and Leo Lee from Roschier, and Fanney Frimannsdottir from Lex, provided Swedish and Icelandic law advice (respectively).