Simpson Thacher is advising I Squared Capital in connection with its acquisition of Elea Data Centers, one of the largest carrier-neutral data center platforms in Brazil.
I Squared Capital is a leading independent global infrastructure investor dedicated to the mid-market, managing $55 billion in assets.
Elea operates a nationwide network of nine interconnected data center campuses across Brazil including São Paulo, Rio de Janeiro, and Brasília, serving a diversified base of enterprise and hyperscale customers, with over 300MWs of powered land and over 1GW currently in development that will require more than US$10bn of capital to support its delivery. I Squared’s investment will support Elea’s planned expansion program and accelerate the development of large-scale, high-density AI infrastructure across Brazil. The transaction is expected to close upon satisfaction of customary closing conditions.
The Simpson Thacher team includes Gabriel Silva, Grenfel Calheiros and Raissa Fini (M&A); Drew Purcell, Adriana de Bartolo and Sean Largey (Tax); and Steve DeLott (Insurance).