AKD advised Iron Mountain on EUR 300 million joint venture with AGC Equity Partners

October 30, 2020

AKD served as Dutch legal counsel to Iron Mountain in respect of the formation of a EUR 300 million joint venture with AGC Equity Partners to develop and manage a data centre in Frankfurt, Germany (Frankfurt Data Centre). The joint venture was structured as a Dutch BV, and external financing was granted by a syndicate headed by the investment manager Nuveen.  The Frankfurt Data Centre is currently 100% pre-leased to a US-based Fortune 100 client. Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. It is engaged by more than 225,000 organizations around the world, and holds a real estate network of more than 90 million square feet across more than 1,480 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts.

King & Spalding acted as New York, English and German counsel to IM. AGC was represented by Latham & Watkins as NY and English counsel, and by Freshfields as German and Dutch counsel. The finance parties were represented in England, Germany and the Netherlands by Linklaters.  

Vincent Bettonville and Remco Bosveld supervised the deal and led the team consisting of Hans Galavazi, Marinke Bonnier, Julian Versmissen, Daan ter Wee, Kristina Samardzic and Zahra Samadi.


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