G42 Sells e&’s $2.2 Billion Stake in Khazna
Deal News | Apr 28, 2025 | Paul Hastings
The esteemed law firm Paul Hastings advised G42, a prominent AI technology holding company in the UAE, and its subsidiary Khazna Data Centers on the sale of e&’s stake in Khazna. The transaction, valued at $2.2 billion, also marks minority investments in Khazna by MGX and Silver Lake. The legal advisory team from Paul Hastings was led by David Prowse, with support from senior associate Matthew Calvert and others, specifically including efforts in antitrust by partner Jade Alexandra-Fearns. This deal further solidifies Paul Hastings' position as a leading legal advisor across sectors globally.
Sectors
- Artificial Intelligence
- Data Centers
- Legal Services
Geography
- United Arab Emirates – G42 and Khazna Data Centers are based in the UAE, making this geography significant to the transaction.
- United Kingdom – Paul Hastings' involvement originated from their London office, involving UK-based legal services.
Industry
- Artificial Intelligence – G42, the key company involved, is a leading AI technology holding company, emphasizing the relevance of this industry.
- Data Centers – Khazna Data Centers, a subsidiary of G42, specializes in providing data center services, highlighting this industry.
- Legal Services – Paul Hastings advised on the legal aspects of the transaction, fitting within the legal services industry.
Financials
- $2.2 billion – The transaction value of e&’s stake sale in Khazna Data Centers.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings | Legal Advisor | Company | An elite law firm advising on the transaction. |
| G42 | Selling Company | Company | A UAE-based AI technology holding company and part owner of Khazna Data Centers. |
| Khazna Data Centers | Target Company | Company | A data center services provider and subsidiary of G42. |
| e& | Vendor | Company | Seller of its stake in Khazna Data Centers. |
| MGX | Investor | Company | Acquirer of a minority stake in Khazna Data Centers. |
| Silver Lake | Investor | Company | Acquirer of a minority stake in Khazna Data Centers. |