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Latham Advises Mainova on Sale of a Majority Stake in Its Data Center Business to Blackrock

June 11, 2024
Firm represents energy provider on strategic data center development partnership with leading global US asset manager.

Latham & Watkins has advised Mainova AG on the sale of 50.1% of its shares in Mainova WebHouse GmbH (Mainova WebHouse) to a fund managed by BlackRock's Diversified Infrastructure Team (BlackRock). The sale of the shares is the result of a structured and competitive bidding process.

Mainova WebHouse, a subsidiary of Mainova AG, operates in the digital infrastructure business segment and focuses on the development, construction, and operation of data centers. With this partnership, Mainova WebHouse taps into new growth potential for the planning, construction, and operation of sustainable data centers in Frankfurt and the Rhine-Main region.

The transaction follows shortly after the same Latham team advised Mainova WebHouse on a joint venture with Tishman Speyer for a specific data center project in Frankfurt as part of Mainova WebHouse's project pipeline.

The Latham team was led by Frankfurt partners Alexander Stefan Rieger and Otto von Gruben and associate Pascal Wagenführ, with counsel Sven Nickel, partner Susanne Decker, and associates Joscha Müller, Johannes Groß, and Janina Fey. Advice was also provided on IP matters by Frankfurt partner Susan Kempe-Müller; on regulatory matters by Frankfurt counsel Joachim Grittmann; on antitrust matters by Hamburg partner Jana Dammann de Chapto, with Frankfurt associate Helena Hofmann; on tax matters by Hamburg partner Tobias Klass, with associate Julia Wenzel; and on employment matters by Munich counsel Florian Dehmel.