Source: Latin Lawyer
Texas-based Aligned Data Centers has enlisted Stocche Forbes Advogados in São Paulo, Posse Herrera Ruiz in Bogotá, Posadas in Montevideo, Mijares, Angoitia, Cortés y Fuentes SC in Mexico City and Peru’s Rebaza, Alcázar & De Las Casas to upsize an existing credit facility to US$2.25 billion, using the proceeds to fund its acquisition of Latin America-focused counterpart ODATA from Brazilian investor Patria.
Garrigues in Santiago, Bogotá and Mexico City and Guyer & Regules in Montevideo guided the syndicate of lenders in the deal.
The same Stocche Forbes team also advised ODATA and its Latin American subsidiaries – which include branches in Brazil, Chile, Colombia, Mexico and Uruguay – as guarantors of the loan.
Latin Lawyer understands that Vinson & Elkins LLP and Claro & Cía in Santiago guided Aligned too, but could not confirm before publishing.
It is also understood that Brazilian firm Lefosse advised the lenders too, but these details could also not be confirmed.
The deal closed on 18 December.
The company will use the proceeds to repay debt relating to its acquisition of ODATA from Brazilian investment giant Patria. The companies signed the deal in December 2022 for an undisclosed value.
Data centres have proved to be a popular asset in recent Latin American M&A deals. In September, for example, French digital infrastructure group Legrand acquired Colombian data centre operator UPSistemas, just weeks after Google revealed construction plans for a new centre in Uruguay.
Aligned was founded in 2013 and is responsible for the operation of data centres across Latin America and the US. Its regional operations are present in Brazil, Colombia, Chile and Mexico.
Established by Patria as a start-up company in 2015, ODATA’s portfolio of 10 data centres serves an array of industries, including the education, energy, logistics, oil and gas and telecoms sectors, to name a few.
Counsel to Aligned Data Centers, Odata Brasil, Odata Chile, Lo Espejo Data Center, Odata Colombia, Odata Colocation México, Morado Servicios Especializados de Data Center and Odata Uruguay (ODATA)
Stocche Forbes Advogados
Partner Eduardo Diniz Alves Pereira and associates Bernardo Flecha de Lima da Cunha Pereira, André Paschoal Café de Castro, Thaila Castro Maluf Oliveira and Matheus Oliveira Emiliano in São Paulo
Posse Herrera Ruiz
Partners Jaime Cubillos and Juan José Huertas, and associates Nicolás Giraldo and María Cecilia Liévano in Bogotá
Posadas
Partner Andrés Aznarez and associates Paula Cabarcos, Paula Costa and Santiago Philipstal in Montevideo
Mijares, Angoitia, Cortés y Fuentes SC
Partner Horacio de Uriarte-Flores and associates David Ricardo Rajunov and Christiane Devlyn Roach in Mexico City
Rebaza, Alcázar & De Las Casas
Partners Daniel Gonzales and Maite Colmenter, and associate Valeria Sanchez in Lima
Counsel to Mitsui Banking Corporation, MUFG Bank, Deutsche Bank (New York Branch), Nomura Securities International, Société Générale, BNP Paribas, Natixis (New York Branch), Crédit Agricole Corporate and Investment Bank, TMF Group New York, Pacific Investment Management Company (PIMCO), PIF Offshore LIII, REFLX SPV I LP, PDLF-PS Offshore XVII, Apterra Infrastructure Capital and Knights of Colombus
Paul Hastings LLP
Partner Thomas Sines and Alexandro Padrés, and associates Bruna Rey and Carlos Andrés Gómez in New York
Garrigues (Chile)
Partner Pedro Garcia Morales and associates Daniel Hernández Zapata and Camilo Quintana in Santiago
Garrigues (Colombia)
Partner Francisco Noguera and associates Mónica Rodríguez and Elisa Correa in Bogotá
Garrigues (Mexico)
Partner Gabriela Pérez Sierra and associates José Rodrigo Durán and Diego Campoy Sousa in Mexico City
Guyer & Regules
Partners Diego Baldomir and Javier Berdaguer in Montevideo