Digital Edge has received advice from DLA Piper, a multinational law firm, as it entered into a partnership with the National Investment and Infrastructure Fund (NIIF) and AGP DC InvestCo Pte Ltd (AGP) to develop a pan-India portfolio of hyperscale data centers.
The facilities, which will be known as Digital Edge DC, will help the country’s continuing digital transformation and offer urgently required capacity for the rapidly expanding cloud industry in India.
The first initiative of the alliance is a USD 2 billion greenfield 300 MW hyperscale facility in Navi Mumbai, the largest hub for data centers in the country with simple access to fiber connectivity and other infrastructure.
The facility will be constructed over a 47-acre property in several phases beginning in early 2023. After it is finished, Digital Edge DC will fully operate and market the data center.
In the Asia Pacific region, the data center, cloud, and telecoms industries have a proven track record of value generation, and the senior management team behind Digital Edge has decades of combined industry experience.
Digital Edge, a market-leading pan-Asian data center platform, is backed by renowned alternative investment firm Stonepeak and has more than $1 billion in invested and committed capital.
According to Joseph Bauerschmidt, DLA Piper Country Managing Partner for Singapore, who led the transaction, the project demonstrates their client’s commitment to advancing India’s digital economy and their firm’s proficiency in high-value and challenging transactions involving digital infrastructure in the region.
“We are delighted to have once again advised Digital Edge, this time on its first highly strategic investment in India.” said Bauerschmidt.
Joseph Bauerschmidt served as the team’s leader at DLA Piper, assisted by Nathan Bush, Partner and Head of Antitrust and Competition in Asia, and Ying Chern Tan, Senior Associate, Corporate. Lawyers are situated exclusively in Singapore. Over the past three years, DLA Piper has additionally acted as Digital Edge’s legal counsel in a number of intricate cases in seven Asian jurisdictions.