PRESS RELEASE - DELSOL Avocats assisted the US group DataBank (zColo) in the context of the acquisition by Etix Everywhere of five of its data centers located in and operated from France by zColo France SAS (one in Paris, one in Montpellier and one in Toulouse) with a maximum capacity of 5,4 MW. Initially DataBank had bought these assets in the context of zColo’s takeover in 2020.
Based on Dallas, Texas, DataBank is a leading platform for shared data centre infrastructure, specialising in the provision of colocation and connectivity services.
Etix Everywhere, a Nantes-based subsidiary of the Australian Global Data Centre Group (GDC), is backed by Eurazeo, whose Eurazeo Transition Infrastructure Fund (ETIF) became a key shareholder in Etix in February 2023 alongside GDC.
The sale agreement is subject to the condition of receiving French regulatory approval. It is anticipated that completion of the transaction will occur before the end of September 2023.
In the context of this transaction DELSOL Avocats advised the seller, DataBank, with a multidisciplinary team including :
Pierre Gougé, partner, and Edouard Pique, associate, on the corporate aspects of the transaction ;
Stanley Miton, counsel, on colmmercial contracts ;
Adrien Williot, partner, and Cyprien de Scorbiac, associate, on real estate matters ;
Elsa Lederlin, partner, and Arthur Hitier, associate,