We advised Elea Data Centers and Piemonte Holding on the transaction

Davis Polk advised Elea Data Centers and Piemonte Holding in connection with the acquisition of a majority stake in the company by I Squared Capital. Financial terms of the transaction were not disclosed.

Headquartered in Rio de Janeiro, Brazil, Elea Data Centers is Latin America’s leading distributed and sustainable data center platform, committed to accelerating a responsible digital economy and powering AI diffusion. Elea is the developer of Rio AI City, a 3 GW AI factory in Rio de Janeiro utilizing 100% renewable energy. Elea also operates a nationwide network of nine interconnected data center campuses in the most critical cities of Brazil.

I Squared Capital is a global infrastructure investor dedicated to the mid-market, managing $55 billion in assets. Founded in 2012, I Squared has evolved into one of the most diverse infrastructure investors in the world, with investments across power and utilities, transportation and logistics, digital infrastructure, environmental infrastructure and social infrastructure.

The Davis Polk corporate team included partners David J. Penna and Michael Davis, counsel Costanza Garcia Laposse and associates Saba Yasmin and Yoel Levi. Partner Amanda Hines Gold provided executive compensation advice. Counsel Mikaela Dealissia provided intellectual property advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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