OpCore Secures €650 Million Financing Backed by Lenders
Deal News | May 09, 2025 | White & Case LLP
Global law firm White & Case LLP has successfully advised lenders in a significant financial transaction involving OpCore, a joint venture between the iliad Group and InfraVia. This agreement entails a substantial €650 million senior financing designed to advance the development of OpCore's European hyperscale data centers. The iliad Group is divesting a 50 percent stake in OpCore to InfraVia, indicating a strategic partnership aimed at capturing market opportunities within the burgeoning hyperscale data market across Europe. The financial transaction supports ongoing construction projects for new 100 MW+ data centers within France and other European countries. The legal advisory team from White & Case was strategically led by partner Amaury de Feydeau, involving multiple partners and associates from various European offices of the firm.
Sectors
- Legal Advisory
- Data Center Infrastructure
- Private Equity
Geography
- Europe – The transaction is oriented towards the development of hyperscale data centers in France and Europe.
- France – The iliad Group, a French company, is a principal participant, and the data center developments include projects in France.
Industry
- Legal Advisory – The article emphasizes the role of White & Case LLP, a legal firm, in providing financial advisory services to lenders.
- Data Center Infrastructure – OpCore's focus on developing European hyperscale data centers illustrates the industry's role in the transaction.
- Private Equity – The involvement of InfraVia in purchasing a 50% stake in OpCore indicates a significant move in the private equity sector.
Financials
- 650,000,000 – The senior financing amount for OpCore's development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OpCore | Target | Company | A joint venture between iliad Group and InfraVia, aiming to develop a European hyperscale data center platform. |
| iliad Group | Selling Company | Company | French telecommunications provider selling a 50% stake in OpCore. |
| InfraVia | Bidding Company | Company | A private equity firm acquiring a 50% stake in OpCore. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising the lenders on the financial transaction. |