Bird & Bird on the acquisition of Xdata Properties
Bird & Bird has advised Iron Mountain on the acquisition of the spanish company, Xdata Properties.
Iron Mountain is an american business information management services company founded in 1951 and headquartered in Boston, Massachusetts. Xdata Properties, on the other hand, is the data centre of the firm Stoneshield Capital, which, through this transaction, has been sold to Iron Mountain.
Xdata Properties currently has a computing load capacity of 1MW, which is being expanded to 3MW by 2023 with a growth capacity of 130MW, making it one of the next European data centres.
The Bird & Bird team advising Iron Mountain was led by partners, Hermenegildo Altozano (pictured left) and Alfonso Bayona (pictured right), counsel Juan de Navasqüés, and assisted by associates Carlos Angulo and Pablo Galera.
