Data Centers

Take-Private of CyrusOne: KKR, and an acquiring consortium including Global Infrastructure Partners, in the $15 billion acquisition of CyrusOne Inc., a data center REIT.

Crusoe AI Data Center Joint Venture: Blue Owl on the closing of a $3.4 billion joint venture with Crusoe Energy to fund the development of a 206-megawatt data center in Abilene, Texas, which is expected to serve as a key site for Project Stargate, an estimated $500 billion federal government initiative aimed at establishing AI infrastructure across the U.S. Kirkland also advised the joint venture on a $2.3 billion construction loan financing to develop the project, arranged by JPMorgan Chase.

Take-Private of AirTrunk: CPP Investments, as part of a consortium led by Blackstone, in the $16.1 billion take-private of AirTrunk, a hyperscale data center specialist creating a platform for cloud, content and large enterprise customers across the Asia-Pacific & Japan region, from Macquarie Asset Management and the Public Sector Pension Investment Board.

xScale Program Expansion Joint Venture: GIC in its $15 billion joint venture with Equinix (NASDAQ: EQIX) and CPP Investments to capitalize, acquire and develop a U.S. centric digital infrastructure platform. Driven by increasing artificial intelligence and cloud growth, the JV is intended to accelerate the Equinix xScale data center portfolio by purchasing land to build new state-of-the-art xScale facilities on multiple greater-than-100-megawatt campuses in the U.S.

CoreWeave Debt Financing: CoreWeave, the AI hyperscaler, in its $7.5 billion debt financing facility led by Blackstone, with participation from Magnetar (co-lead investor) and Coatue. Participation in the financing also included CDPQ, DigitalBridge Credit and BlackRock. The new financing will be used to further develop CoreWeave’s growing fleet of high-performance compute to execute existing contracts with leading enterprise customers and AI innovators.