Simpson Thacher represented Tikehau as the sole lender in connection with providing financing to a subsidiary of PolarDC Group Limited (“Polar”). This was in relation to the first phase of the establishment, operation and expansion of a data center construction and operating platform in Norway. H.I.G. Capital (“H.I.G.”) holds a controlling interest in Polar.
Tikehau Capital is a global alternative asset management group with €49.6 billion of assets under management (at 31 December 2024) across credit, real assets, private equity and capital markets strategies.
H.I.G. is a leading global alternative investment firm with US$67 billion of capital under management and specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach.
Polar develops, owns, and operates data center infrastructure for high-performance computing applications.
The Simpson Thacher team included Emma Serginson, Paul Hibbert, Hadrien Servais, Marc van Heerden and Charlie Wilson (Credit); and Caleb McConnell, Adam Kania and Daniel Griffiths (Tax).