Baker McKenzie has advised Gaw Capital Partners (“Gaw Capital”) on the formation and successful closing of its Internet Data Center (IDC) platform in China, raising approximately USD 1.3 billion.
The IDC platform focuses on strategic joint ventures with internet data center partners in China and is backed by a number of prominent institutional investors, including sovereign wealth funds.
The Baker McKenzie team was led by fund formation specialist Edwin Wong and supported by Hayley Irons and Kate Chan.
"This platform provides additional capital for our client as they expand their investments into the fast-growing data center market, and we are very pleased to have played a role in this strategic transaction," Edwin Wong said.
"Fueled by the COVID-19 pandemic and digitalization, cloud services will likely continue to grow and further drive business’ demand for data centers. We look forward to continuing to support our client as they seek to expand their platform in the IDC asset class both in China and across Asia."
This deal adds to the long list of transactions on which the Firm has advised Gaw Capital, including the successful closing of its sixth flagship Asia Pacific real estate fund, Gateway Real Estate Fund VI.
Baker McKenzie is a market-leading firm for legal services in the data center sector. The team has substantial experience in advising data center investors, developers, operators and end users on fund investment screening, acquiring, financing, leasing, planning, developing and operating data centers worldwide. Drawing on the industry insights and legal expertise of a multidisciplinary team of transactional and advisory lawyers from real estate, funds/PE, TMT, project finance, tax, energy, regulatory and data security, the team is able to guide clients in all aspects of the data center ecosystem across the Asia Pacific region and globally.