BCLP Advises Mubadala and Sberbank on IXcellerate Group Investment

BCLP Advises Mubadala and Sberbank on IXcellerate Group Investment

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Bryan Cave Leighton Paisner has advised a consortium including the Mubadala Investment Company and Sberbank Investments on its investment in IXcellerate. Herbert Smith Freehills reportedly advised the IXcellerate Group.

According to IXcellerate, the company "raised USD 190 million in financing from existing and new investors including the Mubadala Investment Company, SberInvest, and the Russian Direct Investment Fund."

IXcellerate is a Russian commercial data center operator. IXcellerate customers include global and Russian corporations, financial institutions, hyper cloud players, online service providers, and IT companies. 

The Abu-Dhabi-headquartered Mubadala Investment Company manages a diverse portfolio of assets and investments in the United Arab Emirates and abroad.

Sberbank Russia's subsidiary Sberbank Investments focuses on providing financial and structuring solutions through equity and mezzanine instruments for the bank’s customers.

"As one of the largest carrier-neutral commercial data center operators in Russia, IXcellerate is enabling digitalization in Russia through unrivaled scalability and growth opportunities," IXcellerate Chief Executive Officer Andrei Aksenov commented. "With the help of this new funding, we aim to provide the type of facilities and services to our existing and future customers that are both ultra-powerful and sustainable in the long-term, while ensuring that our clients continue to benefit from our reliable engineering infrastructure, ESG compliant practices, and outstanding service levels."

The BCLP team was led by Moscow-based Partner Anton Panchenkov, London-based Partner Ian Ivory and UAE-based Counsel Greg Nixon, and included:

Moscow-based Partners Vitaly Mozharowski, Nikolay Voznesensky, Vladimir Tchikine, and Yury Babichev, Counsels Alexey Koshelev, Ekaterina Verle, Inna Firsova, Andrey Neminuschiy, Alexander Muravin, Anton Nefedev, Natalia Belomestnova, and Yury Ivanov, Associate Directors Elena Belozerova, Nadezhda Ilyushina, and Maxim Popov, Senior Associates Dimitri Antipin and Anastasia Kudryashova, Associates Valerian Mamageishvili, Vladislav Feklin, Egor Salmov, and Antonina Potanina, Junior Associate Maria Bardina, and Victoria Bigarova;

London-based Partners David Dennison, Emma Howdle-Fuller, David Anderson, and Adam Lambert, Senior Associates Mark Kaye, Andy West, Paul Culliford, and Margarita Altankova, Associates Dan Wood, Lydia Burke, and Leah Aschettino, Trainee Solicitors Conor McDonald, Elisabeth Tsudikman, Yaniv Grunberg, and Rayanne Ibrahim;

UAE-based Associates Chizoba Edozie and Flora Haidar.

Editor's Note: After this article was published, Herbert Smith Freehills confirmed that it had advised the IXcellerate Group. The firm's team included Moscow-based Partner Evgeny Zelensky and Associate Anna McIntyre and London-based Partner David D'Souza, Senior Associate Martyn Jones, and Associates Matthew Player and Mehdi Tedjani.