NOVA Infrastructure Invests in DartPoints to Accelerate Growth and Expand Strategic Infrastructure
Vinson & Elkins represented Orion Infrastructure Capital (“OIC”) in connection with its debt and equity investment in DartPoints, an owner and operator of data centers in mid-size markets across six states in the United States.
The investment closed on April 24, alongside the purchase of a controlling stake in DartPoints by NOVA Infrastructure from Astra Investment Partners as well as the purchase of two previously-leased data center sites by DartPoints. NOVA and OIC’s commitments to DartPoints total more than $250 million of capital.
The Vinson & Elkins team was led by partners Caitlin Turner and Chris Dawe, with assistance from associates Cam Viney, Annabel Wei, Taylor Kopriva, Meghan Dobbins, Jill O’Driscoll, and a Real Estate Industry team comprised of partner Prentiss Cutshaw, and senior associates Catherine Callahan and Mark Kramer. The equity investment was led by partner Matt Falcone and senior associate David Lassetter. Also advising on the transaction were partner Wendy Salinas and senior associate Lauren Nieman, partner Matt Dobbins and senior associate Audrey Doane, partner Michael Kurzer, counsel Rajesh Patel, and senior associate Haley Titcomb.
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