Gibson Dunn on Merlin Properties c.$900 M capital increase
Gibson Dunn’s new Madrid team has advised Merlin Properties in its c.$900 million capital increase via an accelerated book build offer (ABB). The proceeds from the share capital increase will be used for Phase III of Merlin Properties’ data center programme, 412MW.
The share capital increase via the issuance of up to 56,275,101 new shares represents approximately 10% of Merlin Properties’ share capital.
The team
The Gibson Dunn team was led by new partner Armando Albarrán, who heads up the firm’s recently established operations in Madrid, Spain, as well as London partner Hugo Hernández-Mancha and associate Francesco Mancuso.
