Colt Technology Services Sells Eight Data Centers to NorthC

Deal News | Apr 16, 2025 | Troutman Pepper Locke, LLP

Colt Technology Services, a global digital infrastructure company, is selling six of its data centers to NorthC, a leading data center operator based in the Netherlands. Additionally, Colt will divest two data centers in London to NorthC's majority-owner, DWS Group. This transaction is facilitated by Troutman Pepper Locke, which provides legal guidance, particularly in real estate, with Nadine Ramasamy, Alex Galtieri, and Annarita Spena from Colt aiding in the negotiations. Troutman Pepper Locke is renowned for its expertise in dealing with complex real estate issues, serving diverse sectors such as energy, healthcare, and private equity. Colt's ongoing partnership with NorthC will allow it to retain its network equipment in the divested centers. The transaction is anticipated to close by summer 2025.

Sectors

  • Digital Infrastructure
  • Legal Services

Geography

  • Europe – The data centers being sold are located in major European cities such as Amsterdam, Berlin, and London, indicating a significant geographic focus on Europe.
  • Netherlands – NorthC, the acquirer of the data centers, is headquartered in the Netherlands, making it a crucial geographic element of the transaction.

Industry

  • Digital Infrastructure – The sale of data centers by Colt Technology Services to NorthC and DWS Group involves the digital infrastructure sector, highlighting the growing demand for network connectivity and data storage solutions.
  • Legal Services – Troutman Pepper Locke's role in advising on the real estate aspects of the transaction showcases the legal services industry's involvement in M&A activities.

Financials

    Participants

    NameRoleTypeDescription
    Colt Technology ServicesTarget CompanyCompanyA global digital infrastructure company selling its data center assets to NorthC.
    NorthCBidding CompanyCompanyA leading data center operator acquiring data centers from Colt Technology Services.
    DWS GroupBidding CompanyCompanyThe majority-owner of NorthC, acquiring two additional data centers from Colt in London.
    Troutman Pepper Locke, LLPLegal AdvisorCompanyThe law firm advising Colt Technology Services on the real estate aspects of the data center divestment.