Bird & Bird advised as transactional counsel to the lead investor ABC Impact, a Singapore-headquartered Asia-focused private equity firm, in relation to its US$36 million funding in Iceotope Technologies, a UK-based precision immersion cooling tech firm. The transaction is illustrative of the interest around precision immersion cooling technologies for data centres on the back of climate change and need for environmentally sustainable solutions, as more data centres are set up globally.
Joining ABC Impact in the investment syndicate are global electrical solutions provider nVent, Northern Gritstone, British Patient Capital, FTSE 250 investment company SDCL Energy Efficiency Income Trust, Pavilion Capital, and existing investor Edinv.
The cross-disciplinary Bird & Bird team who advised ABC Impact on the transaction comprises lawyers across our Singapore and Hong Kong offices:
