Group 5C secures US$ 835 million in financing from Brookfield and Deutsche Bank for its capital expansion
In a significant move for the AI industry, 5C, a leading AI infrastructure and data center solutions provider, has raised $835 million USD. The funding round was led by Brookfield Asset Management for equity financing, with Deutsche Bank leading the debt financing.
The legal advisory for 5C was provided by Hoskin & Harcourt S.E.N.C.R.L./s.r.l., a renowned global law firm. The team from Hoskin & Harcourt S.E.N.C.R.L./s.r.l., consisting of 14 individuals, advised 5C on various aspects including corporate law, financial services, tax, and commercial law.
Raphaël Amram, Daniel Stysis, Bradley Sendel, Chris Bennett, and Richard Wong from Hoskin & Harcourt S.E.N.C.R.L./s.r.l. specifically advised 5C on corporate law, commercial law, and financial services. Kaitlin Gray and Evan Belfer from the same firm provided legal advice on tax matters.
The funds raised by 5C will primarily be used for the development of data centers, aiming to meet the growing demand for computing capacity and digital infrastructure for AI. This development is expected to accelerate the deployment of 5C's AI infrastructure in North America.
While the exact identity, industry sector, or the detailed plan for the funding from Brookfield Asset Management and Deutsche Bank remain undisclosed, it is indicated that Brookfield's infrastructure arm is leading a financing of $835 million for 5C, suggesting that 5C is an entity or company involved in an infrastructure-related project or business.
This funding marks a significant step forward for 5C, further positioning the company as a key player in the AI infrastructure and data center solutions market. As the demand for AI-powered solutions continues to grow, 5C is well-positioned to meet this demand and drive innovation in the industry.
The legal team from Hoskin & Harcourt S.E.N.C.R.L./s.r.l., consisting of Raphaël Amram, Daniel Stysis, Bradley Sendel, Chris Bennett, Richard Wong, Kaitlin Gray, and Evan Belfer, provided comprehensive advice on various aspects of financial services for 5C during the $835 million USD funding round. With the raised funds, 5C will focus on financial investments towards the development of data centers, aiming to facilitate AI deployment in North America.
