15 Oct 2025

"Macquarie Asset Management Sells Aligned Data Centers in Historic $40 Billion Transaction"

"Latham & Watkins has advised Macquarie Asset Management on the sale of Aligned Data Centers to a consortium including AI Infrastructure Partnership, MGX, and BlackRock’s Global Infrastructure Partners, with a transaction value of approximately $40 billion. This marks the largest data center deal globally. Under Macquarie's ownership, Aligned expanded from two facilities to a leading platform with over 5 GW of capacity across 50 data centers in multiple countries. The company also achieved significant milestones in sustainability financing. The advisory team included partners and associates from various locations, focusing on corporate, tax, and regulatory aspects of the deal."

Latham & Watkins represented Macquarie Asset Management on behalf of its privately managed infrastructure funds and co-invest partners in the sale of Aligned Data Centers to a consortium of investors, which includes the AI Infrastructure Partnership (AIP), MGX, and BlackRock’s Global Infrastructure Partners. The transaction, which has an implied enterprise value of approximately US$40 billion, marks the largest data center transaction ever completed globally. Under Macquarie Asset Management’s ownership, Aligned Data Centers expanded from two operational facilities in Dallas and Phoenix, with a total of 85 MW of critical capacity, to a leading hyperscale data center platform boasting over 5 GW of capacity across 50 data centers in the United States, Mexico, Chile, Peru, Brazil, and Colombia. The company also achieved significant milestones, including the first-ever green data center securitization and the first sustainability-linked financing for a data center platform. The legal team from Latham & Watkins involved in this transaction included New York partners David Beller and Jason Webber, along with associates Daniel Weissman, Sofia Skara, Emma Giusto, and Rheem Brooks. Additionally, the Latin America corporate/M&A team, also based in the USA, was led by partner Tony Del Pino in New York and Washington, D.C. partner Carlos Ardila.
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