Simpson Thacher represented Prime Data Centers on a strategic equity investment by Snowhawk LP, a private equity firm that invests in businesses that power the digital economy, and Nuveen, a global investment manager with more than $1.3 trillion in assets under management. Prime is an international data center developer and operator providing scalable and adaptable mission-critical infrastructure to the world’s leading hyperscale, AI / HPC, and enterprise customers. Prime has a four gigawatts (GW) roadmap of power across top-tier markets in the U.S. and Europe, including Chicago, Phoenix, Austin, Los Angeles, Silicon Valley, Frankfurt, Berlin, Helsinki and Madrid. Financial terms of the transaction were not disclosed.
The Simpson Thacher team included Gabriel Silva, Oleg Stratiev, Cyrus Oveissi (M&A); Andrew Purcell, Ruoxi Zhang, Jenna Al-Malawi (Tax).