Maples Group Luxembourg Advises Bain Capital on Acquisition of Aquila Group to Build Leading European Sustainable Data Centre Platform
Maples and Calder (Luxembourg) SARL, the Maples Group’s law firm in Luxembourg, is pleased to announce that its Luxembourg Corporate and Funds & Investment Management teams have successfully advised Bain Capital on the Luxembourg aspects of the acquisition of an 80% stake in AQ Compute, the data centre business of Aquila Group. This strategic acquisition marks a significant milestone in Bain Capital’s expansion into the data centre sector, further solidifying its position as a leading global private investment firm.
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Bain Capital is one of the world’s leading private investment firms, with a diverse portfolio that spans multiple industries, including technology, healthcare, and consumer products. AQ Compute, a subsidiary of Aquila Group, specialises in providing high-performance data centre solutions. Together, the partners aim to build a leading European data centre platform.
A team based in the Maples Group’s Luxembourg office acted as Luxembourg counsel to Bain Capital, assisting with pre-transaction due diligence, the legal and regulatory considerations regarding the structuring of the joint venture investment vehicles, Bain investment vehicles, the negotiation of the master share purchase agreement and investment agreement, and the setting-up of the joint venture structure, including a RAIF. The team was led by, Luxembourg Managing Partner and head of the Luxembourg Funds & Investment Management team, Johan Terblanche, head of the Luxembourg Corporate team, Baptiste Aubry, and Funds & Investment Management Partner, Michelle Barry, with assistance from Associates, Timothée Gras, Marine Bauchet, Thomas Crahay and Olivia Gaultier. The team worked alongside Mayer Brown who acted as lead counsel to Bain Capital on the transaction.
Commenting on the transaction, Baptiste said, “We are delighted to have had the opportunity to advise Bain Capital on the Luxembourg legal aspects of this significant acquisition. As always, we are grateful for the trust from our clients who continue to select us to support them on such notable transactions, re-affirming our team’s deep bench of expertise and experience in advising on complex cross-border deals from Luxembourg. We look forward to seeing the positive impact this partnership will have on the European data centre market.”
Maples and Calder (Luxembourg) SARL provides full service legal advice on Luxembourg matters and has dedicated practices in Corporate, Finance, Funds & Investment Management and Tax, with a deep bench of highly experienced lawyers on the ground. The Maples Group also provides fund and fiduciary services from Luxembourg and the breadth of its combined international capabilities along with its ability to advise on multi-jurisdictional transactions continues to set the law firm apart from its local counterparts.