Aligned Data Centers, headquartered in Texas, engaged a network of Latin American law firms — including Stocche Forbes Advogados in São Paulo, Claro & Cía in Santiago, Posse Herrera Ruiz in Bogotá, Posadas in Montevideo, Mijares, Angoitia, Cortés y Fuentes SC in Mexico City, and Peru’s Rebaza, Alcázar & De Las Casas — to increase an existing credit facility to US$2.25 billion. The funding supports its acquisition of ODATA, a data center operator in Latin America, from Brazilian private equity firm Patria.
On the lenders’ side, Paul Hastings LLP in New York, Lefosse in Brazil, Garrigues in Santiago, Bogotá, and Mexico City, and Guyer & Regules in Montevideo provided counsel.
Stocche Forbes also advised ODATA and its subsidiaries across Latin America — including operations in Brazil, Chile, Colombia, Mexico, and Uruguay — in their role as guarantors under the financing structure.
Aligned will apply the loan proceeds toward repaying debt associated with its purchase of ODATA from Patria, a transaction agreed upon in December 2022 for an undisclosed amount.
Data centers have become increasingly attractive assets in Latin American M&A activity. For instance, in September, France’s Legrand acquired Colombian operator UPSistemas, and shortly after, Google announced plans to build a new data center in Uruguay.
Founded in 2013, Aligned operates data centers across the U.S. and Latin America, with a presence in Brazil, Colombia, Chile, and Mexico. ODATA, launched by Patria in 2015, manages a portfolio of 10 data centers serving various sectors, including education, energy, logistics, oil and gas, and telecommunications.