Sidley represented H.I.G. Capital (H.I.G.) and PolarDC Group Limited (Polar) on the structuring and first-phase financing of a multi-phase project to deliver a leading data centre designed for High-Performance Computing (HPC) applications in Norway. The project, developed by Polar and H.I.G.’s value-added infrastructure strategy, is designed to deliver infrastructure that meets the intense computational demands of AI workloads while prioritising environmental responsibility and sustainability.
The transaction highlights Sidley’s capability in delivering cutting-edge financing solutions for private equity investors and their portfolio companies, drawing on the team’s deep experience in leveraged and infrastructure finance in the evolving and dynamic data centre financing space.
H.I.G. is a leading global alternative investment firm with US$67 billion of capital under management, specialising in providing both debt and equity capital to middle-market companies, utilising a flexible and operationally focused/value-added approach. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Polar develops, owns and operates data centre facilities powered by renewable energy sources, optimised for AI and other high-density computing environments to serve growing demands across Europe.
The Sidley team was led by Leveraged Finance partner James Crooks with support from Infrastructure Finance partner Ben Thompson and team members Adrienne Diu, Netanya Clixby, Aditya Singhania, Taggio Price, Mo Suksaisakulsakdi, Eleanor Oates, and Hailey Zhang (Global Finance); and Steve Quinn and Avi Kaye (Tax).
