Troutman Pepper Locke, working with a team of other firms, advised global digital infrastructure company Colt Technology Services on the sale of six of its data centers to NorthC, a data center operator headquartered in the Netherlands. As part of the deal, Colt will also divest two of its other data centers in London to NorthC’s majority-owner DWS Group.
The eight data centers included in the transaction are in Amsterdam, Berlin, Dusseldorf, Frankfurt, Hamburg, and Munich, as well as the two in London. The data centers were part of the assets Colt gained with its acquisition of Lumen EMEA in 2023.
Troutman Pepper Locke, working with a team of local counsel and instructed by Nadine Ramasamy, Alex Galtieri and Annarita Spena of Colt, advised on the real estate aspects of the deal and also on Colt’s ongoing partnership with NorthC. Colt’s future relationship with NorthC will include Colt retaining network equipment in the divested data centers as part of its global digital infrastructure, which connects 32,000 buildings, spans more than 40 countries, reaches more than 275 Points of Presence, and includes 10 subsea cable systems.
The team was led by Ben Henry and supported by Emma Cordiner and Batul Ather.
Troutman Pepper Locke’s national Real Estate Practice Group helps clients in their most complex real estate transactions. Clients include owners, developers, and financiers of some of the largest projects across the country in both the private and public sectors. The practice has been recognized by several leading industry authorities, including Chambers, Legal 500, and Best Law Firms®, among others.
The transaction is expected to close in summer 2025.
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