Driving value creation in a growth market

Demand for artificial intelligence (AI) and cloud adoption continues to accelerate, making the environment for data-centre growth strong for all stakeholders in the data-centre value chain. For investors, in 2024, there were 285 data-centre deals worldwide, with an aggregate value of more than USD76 billion, more than doubling the value from 2023, when deals were worth USD38 billion. This dynamic market is rapidly changing in response to evolving business models, regulatory requirements as well as consumer demand.

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AI and cloud growth are redefining data-centre needs, creating opportunities for operators, investors and supply chain innovation.

Richard Morgan Partner, expert in transaction support

How we support our clients

Transaction support

130+ commercial and technical due diligence transaction support projects related to data-centre and cloud assets since 2019

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Operations

Prospective site assessment | Support for new data-centre construction, including planning and project management​ | Operating model review and growth strategy development​

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Regulation and policy support

Industry lobbying and regulatory and policy support​ | Regulator support for data-centre market strategy including market review and growth strategy assessment

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Strategy, planning and market size forecasting  

Strategic support for market and entry, financial projections​ | Scouting of organic and inorganic growth opportunities ​| Addressable market sizing, competition assessment and customer segmentation assessment | Independent market study and benchmarking​

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A guide to today's data centre ecosystem

Interconnection

Interconnection data centres are hubs where networks meet to exchange traffic. Telecoms operators, cloud service providers and content delivery networks use them to exchange internet traffic efficiently.

Typically located at major network crossroads, these facilities benefit from the network effects of hosting several organisations in the same location.

Hyperscale cloud

Hyperscale data centres are large, purpose-built facilities designed for cloud giants like AWS, Microsoft, Google and Meta. Typically single-tenant, they are engineered to meet the provider’s own technical requirements and often reach hundreds of megawatts. ​

As demand grows, hyperscale campuses are expanding into ​Tier 2 and Tier 3 geographies where land and power are more readily available.

Enterprise co-location

Enterprise co-location centres allow businesses to outsource their IT workloads from on-premises (in the office) server rooms into specialist, energy-efficient third-party facilities. They support hybrid IT strategies and prioritise proximity to enterprise customers. ​

Capacity varies widely, from small sites to large 40MW facilities, depending on local demand.

AI

AI data centres support AI inference and large language model (LLM) training.

LLM training requires large graphics processing unit (GPU) clusters and advanced cooling technology, often built in areas with abundant power. Inference workloads are more sensitive to latency and, therefore, tend to be deployed in or near cloud regions.

What are the commercial and technical factors shaping digital infrastructure lending today?

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Client projects

Client project

Helping a leading European hyperscale data-centre provider to obtain investor financing for future expansion

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Client project

Fostering data-centre development in an up-and-coming Tier II digital destination

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Client project

Improving data-centre sustainability with a ‘born-green’ approach

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Client project

Study of the data-centre market in five countries to support private fundraising by PDG

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Our insights

Podcast

Orbital versus terrestrial data centres: will space-based computing become viable?

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Article

A guide to today’s data centre ecosystem

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Client project

Developing a go-to-market strategy and a first-of-its-kind business case for an Asian telecoms operator’s entry into the GPUaaS market

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Podcast

TMT predictions 2026: operators are at a crossroads

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Meet the team

Alessandro Ravagnolo

Partner, Co-head of Transactions

Daniel Ponte Fernández

Principal, expert in transaction services

Harmeet Chana

Partner, expert in growth strategy and transaction support

Johann Adjovi

Partner, expert in strategy

Lim Chuan Wei

Managing Partner, expert in transaction support, strategy and transformation

Richard Morgan

Partner, expert in transaction support

Stéphane Piot

Partner, expert in transaction services

Sylvain Loizeau

Principal, expert in telecoms strategy and regulation