Russell McVeagh is proud to have advised Pacific Equity Partners (PEP) on its acquisition of a 75% stake in Spark New Zealand’s data centre business, which values the business at up to NZ$705 million.
Led by Corporate Advisory partners Michael Loan and David Hoare, our team supported PEP across all aspects of the transaction.
We’re delighted to have supported Pacific Equity Partners, a longstanding client of the firm, on this landmark transaction. Scaling data centre capacity to meet the growing demands of cloud and AI technologies will play a key part in New Zealand’s digital future, and this deal reflects that momentum. It’s also a great example of our team’s ability to deliver on complex, high-value infrastructure transactions
Michael Loan (Head of Infrastructure and Partner) and David Hoare (Partner)
A big thank you to Andrew Charlier, Evan Hattersley, Michael Bendeli, Jordan Schumann, Ashley Chen and the wider PEP team.
We would also like to thank Melissa Anastasiou, John Wesley-Smith and the Spark team, as well as Webb Henderson, for their collaboration and commitment throughout the transaction.
The deal was supported by a wider Russell McVeagh team, including partners David Weavers and Natalie Steur, special counsel Hamish Beckett, senior associates Matt Consedine and Sam Kember, senior solicitor Sophie Chester and solicitors Britney Clasper and Cole Murray.