G42 and Khazna Data Centers in $2.2 Billion Deal
Deal News | Apr 28, 2025 | Paul Hasting
Paul Hastings (Europe) LLP played a pivotal role in advising G42, a leading AI technology holding group based in the UAE, and its majority-owned subsidiary Khazna Data Centers, on the significant divestment of e&’s $2.2 billion stake in Khazna. This major transaction also included minority investments by MGX and Silver Lake into Khazna. The London-based team from Paul Hastings, led by partner David Prowse, consisted of experts in M&A, antitrust, and corporate law. This deal underscores the strategic maneuvers within the tech and data infrastructure sectors, highlighting Khazna’s potential and the continued interest from global investors.
Sectors
- Artificial Intelligence
- Data Centers
- Legal Services
Geography
- United Arab Emirates – G42 and Khazna Data Centers, the main firms in the transaction, are based in the UAE.
- United Kingdom – The advisory team from Paul Hastings is based in London, UK, highlighting the cross-border nature of the transaction.
Industry
- Artificial Intelligence – G42, the central company in this transaction, is an AI technology holding firm, representing the significant role AI plays in this deal.
- Data Centers – Khazna Data Centers, involved in the deal, represents the data infrastructure industry, vital for modern digital storage and computing needs.
- Legal Services – Paul Hastings, the advising firm, operates within the legal services industry, particularly in M&A and corporate transactions.
Financials
- $2.2 billion – The sale price for e&’s stake in Khazna Data Centers.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings (Europe) LLP | Legal Advisor | Company | A premier law firm advising on the transaction. |
| G42 | Target Company | Company | A leading AI technology holding company based in the UAE. |
| Khazna Data Centers | Target Company | Company | A majority-owned subsidiary of G42 involved in the stake sale. |
| e& | Selling Company | Company | The company selling its $2.2 billion stake in Khazna. |
| MGX | Investor | Company | A minority investor in Khazna as part of the deal. |
| Silver Lake | Investor | Company | A global technology investment firm making minority investments in Khazna. |