Vesper Acquires Majority Stake in Terakraft's Yfoss
Deal News | Aug 08, 2025 | Legal Community Italy
Vesper Next Generation Infrastructure Fund I has entered into a binding agreement to acquire Yfoss, a company fully owned by Terakraft, thereby becoming its majority shareholder. Greenberg Traurig advised Vesper on various legal aspects, including finance, corporate, and real estate, with the assistance of Schjdt for Norwegian law due diligence. Terakraft and its key managers were supported by Osborne Clarke, focusing on finance and corporate aspects, with Advokatfirma Tofte Hald consulting on Norwegian law issues. Founded in 2021, Terakraft is a Norwegian data center operator specializing in AI and high-performance computing infrastructures. The company's data center, involved in the transaction, is set for a comprehensive refurbishment to boost its capacity to 10 MW, with an expansion potential of up to 60 MW. The center aims to be one of the most sustainable and cost-effective AI data centers in Europe, aligning with high energy efficiency and ESG standards.
Sectors
- Investment Management
- Data Centers
- Legal Services
Geography
- Norway – Terakraft, the target company, is a Norwegian operator focusing on data center infrastructure for AI and HPC.
- Italy – Italian law firms Greenberg Traurig and Osborne Clarke were involved, indicating significant legal oversight and expertise from Italy.
Industry
- Investment Management – The article involves an acquisition deal led by Vesper Next Generation Infrastructure Fund I, highlighting the role of investment management in facilitating the transaction.
- Data Centers – Terakraft's specialization in AI and high-performance computing data center infrastructure establishes this industry as central to the article.
- Legal Services – Multiple law firms, including Greenberg Traurig and Osborne Clarke, played significant roles in advising on different aspects of the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vesper Next Generation Infrastructure Fund I | Bidding Company | Company | An investment fund acquiring a majority stake in Terakraft's Yfoss. |
| Terakraft | Selling Company | Company | A Norwegian data center operator focused on AI and HPC infrastructures. |
| Yfoss | Target Company | Company | A company owned by Terakraft, which is being acquired by Vesper. |
| Greenberg Traurig | Legal Advisor | Company | Provided legal advice to Vesper on finance, corporate, and real estate aspects. |
| Osborne Clarke | Legal Advisor | Company | Assisted Terakraft and its key managers on finance and corporate aspects. |
| Advokatfirma Tofte Hald | Legal Advisor | Company | Advised Terakraft on Norwegian legal matters. |
| Schjdt | Legal Advisor | Company | Supported Vesper with due diligence and Norwegian law advice. |