NEW YORK–(BUSINESS WIRE)–Sterlington advised the management team of Aligned Data Centers on its sale to a consortium of investors. The transaction will fuel the expansion of next-generation cloud and AI infrastructure and implies an Aligned enterprise value of approximately $40 billion, which ranks among the largest ever transactions for global data centers.
Sterlington worked across from Latham & Watkins and Kirkland & Ellis to advise Aligned's management on all aspects of the transaction, including the M&A deal and bespoke equity arrangements for the leadership group. The deal highlights Sterlington's strength in helping founders and senior management navigate complex, high-value transactions.
The Sterlington team was led by Executive Compensation partner Jeremy L. Goldstein and M&A partner Christopher S. Harrison, with support from partners Kristy Fields and Michael Gilligan and counsel Evan Coren.
Aligned is a leading provider of innovative, sustainable, and adaptive data center solutions supporting hyperscale and enterprise customers across North and South America. Aligned is headquartered in Dallas, Texas.
The buyers included AI Infrastructure Partnership (AIP), MGX, and BlackRock's Global Infrastructure Partners (GIP); AIP was formed in September 2024 by BlackRock, GIP, MGX, Microsoft, and NVIDIA.