Demarest acts for Digital Realty on Ascenty acquisition

Brazilian law firm Demarest Advogados advised real estate investment trust (REIT) Digital Realty on the acquisition of local data centre operator Ascenty from US-based private equity firm Great Hill Partners for $2.02 billion.



Part of the acquisition cost was procured through a syndicated loan of $775 million.
 
NYSE-listed Digital Realty is a REIT that invests in carrier-neutral data centres and provides peering the interconnection and exchange of Internet networks, or peering services.

Ascenty is a Brazilian data centre solutions company with an in-service portfolio of eight state-of-the-art data centres located in the metropolitan areas of São Paulo, Campinas, Rio de Janeiro and Fortaleza. 

All the company’s data centres are connected via approximately 4,500 km of proprietary fibre optic network.



Demarest’s counsel to Digital Realty was led by lead M&A partners Paulo Coelho da Rocha and Ana Carolina Audi, senior M&A associate Thereza Montoro, and M&A associates Fabio Tayar, Marcelo Peloso,  Gabriel Queiroz and Seonmin Han.

Also engaged were tax partner  Christiano Chagas, senior tax associate André Novaski, contracts senior associate Ana Paula Schedel and contracts associates Adriano Nery and  Luiza Ruas.



Demarest partners Bruno Drago and Paola Pugliese and senior associate Paula Salles were also engaged as counsel.



Digital Realty was counseled in the US by Latham & Watkins.