Multiple firms advised on KKR-Singtel consortium’s acquisition of an 82% stake in ST Telemedia Global Data Centres (STT GDC) in a deal valued at USD5.1 billion.
JSA acted as Indian legal counsel to Singapore Telecommunications alongside a KKR-led consortium on the acquisition. The consortium will acquire the stake in STT GDC from its parent company, ST Telemedia.
The JSA team was led by partner Vikram Raghani and partner, competition law, Nisha Kaur Uberoi. The team comprised partner Birbahadur Sachar, principal associate Farah Titina, and associates Krishna Giri Nair and Tanya Byndoor. They were supported by the competition team.
Cyril Amarchand Mangaldas (CAM) advised Tata Communications on the renegotiation of rights and related documentation in connection with the proposed acquisition by Opal Bidco, a KKR-Singtel consortium vehicle, of the entire equity interest in STT GDC held by STT Communications.
In India, STT GDC operates a data centre platform comprising 28 facilities across 10 cities. STT Communications holds STT Global Data Centres India, a joint venture between Tata Communications and STT (Singapore). The acquisition is from Temasek and other shareholders.
The CAM team was led by partner and the head of fintech and financial services regulatory practice Anu Tiwari, regional co-head Ravi Dubey and partner Jeeta Nayak, and assisted by associates Amritya Singh and Tejas Chhura.
Gibson Dunn and AZB & Partners provided legal support to KKR. Allen & Gledhill acted as international legal counsel to Singtel, while Simpson Thacher & Bartlett advised the KKR-Singtel consortium.
Latham & Watkins advised ST Telemedia. The team was led by Singapore corporate partners Sharon Lau and Michael Rackham, with associates Elisabeth Ong and Ein Le Lim. Paris partner Adrien Giraud advised on regulatory matters; Singapore partner Chuan Kong Wei handled finance; and London partner Simon Skinner and Houston partner Christine Mainguy worked on tax, assisted by associates from across the world.
The transaction remains subject to regulatory approvals globally, including clearance from the Competition Commission of India.
