Client news

A&O Shearman advises Partners Group on acquisition of AVK Power Solutions

A&O Shearman advises Partners Group on acquisition of AVK Power Solutions

A&O Shearman has advised Partners Group, one of the largest firms in the global private markets industry, on its agreement to acquire a majority stake in AVK Power Solutions (“AVK” or “the Company”), one of the largest and fastest-growing suppliers of power solutions for data centers and AI infrastructure in Europe, on behalf of its clients. Partners Group plans to invest over USD1 billion of equity, supplemented by debt financing. The AVK management team will retain a minority stake.

Headquartered in the UK, AVK designs, installs, and maintains data center power solutions with a focus on back-up power generators; bespoke behind-the-meter turnkey energy infrastructure, including microgrids; and modular electrical power units. The Company also offers hybrid solutions that can run on biogas, biofuel, and hydrogen.

AVK has delivered more than 20,000 projects and installed approximately 3.5 GW of power to date. The Company is active across the established “FLAP-D” markets of Frankfurt, London, Amsterdam, Paris, and Dublin, as well as emerging European growth markets. 

Partners Group will invest in AVK through its fourth direct infrastructure program, which held a final close at over USD15bn last month.

“We are delighted to have advised Partners Group on this significant transaction. The acquisition reflects the critical role that onsite power generation plays in enabling the rapid expansion of AI and data center infrastructure across Europe, and we look forward to supporting AVK’s growth under Partners Group’s ownership.”

The A&O Shearman team was led by partner Edward Holmes alongside counsel Jamie Funder and associates Jack Keleher, Olivia Hardy, Shaan Mann, Alexandra Hopkinson, Phoebe Toyne-Bridges, and Magali Wade. They were supported by a wider team of Alexander Chenery and Kamilla Marianayagam (contracts), Tim Harrop and Hugh Brooks (tax), and Neil Sinha, Nick Hallam, and Tiffany Liow (finance).

Related capabilities