Slaughter and May advised Ares, CDPQ and Schroders Capital on an agreement to provide up to EUR 750 million in financing to Vantage Data Centers

Slaughter and May advised teams from Ares Management’s Infrastructure Debt and Alternative Credit strategies (“Ares”), CDPQ, and Schroders Capital’s Private Debt and Credit Alternatives (“Schroders Capital”) on an agreement to provide up to EUR 750 million in financing to Vantage Data Centers, a leading global provider of hyperscale data centre campuses, to expand the company’s EMEA platform. Ares and CDPQ are providing up to EUR 300 million respectively, and Schroders Capital is contributing up to EUR 150 million.

Proceeds of the financing, alongside incremental equity, will support the growth of Vantage EMEA’s high-quality data centre portfolio. The Vantage EMEA portfolio is one of the fastest growing hyperscale data centre platforms in the region and is currently comprised of 14 campuses, serving key markets in Europe and South Africa, including London, Frankfurt, Berlin, Milan, Warsaw, Zurich, Cardiff, Dublin and Johannesburg. Once fully developed, the portfolio aims to generate 751MW of combined IT capacity, contracted over the long term to global cloud service providers and top-tier internet providers that require rapidly scalable, reliable and efficient high computing power.