Willkie Farr & Gallagher LLP
02/02/2026 | News release | Distributed by Public on 02/02/2026 16:14
Willkie Advises Novacap and H5 Data Centers on Financing for JV Acquisition of Data Center Portfolio
Willkie Advises Novacap and H5 Data Centers on Financing for JV Acquisition of Data Center Portfolio
News
share
February 2, 2026
Willkie served as financing counsel to Novacap and H5 Data Centers in connection with the acquisition of four carrier hotel facilities as anchor assets for a newly formed digital infrastructure joint venture, HyscaleIX Data Centers.
On February 2, Novacap and H5 Data Centers announced the formation of HyscaleIX Data Centers, a joint venture focused on acquiring and operating mission-critical carrier hotels to deliver highly interconnected data center services throughout North America. The joint venture will be anchored by four carrier hotel facilities, including three acquired from 365 Data Centers located in Buffalo, New York, Nashville, Tennessee, and Tampa, Florida. HyscaleIX will also acquire a fourth facility in the Midwestern U.S.
Each of the anchor assets hosts the local internet exchange and the portfolio provides an immediate operating presence across four established regional data center markets.
Novacap is a leading North American private equity investor and one of Canada's most experienced private equity firms.
H5 Data Centers is a leading owner and operator of data center properties across North America.
The Willkie team was led by partner Jason Pearl and associate Loren Flath and included partner Russell Leaf, associate Ayushi Dwivedi and law clerk Hillary Gabriele.
On February 2, Novacap and H5 Data Centers announced the formation of HyscaleIX Data Centers, a joint venture focused on acquiring and operating mission-critical carrier hotels to deliver highly interconnected data center services throughout North America. The joint venture will be anchored by four carrier hotel facilities, including three acquired from 365 Data Centers located in Buffalo, New York, Nashville, Tennessee, and Tampa, Florida. HyscaleIX will also acquire a fourth facility in the Midwestern U.S.
Each of the anchor assets hosts the local internet exchange and the portfolio provides an immediate operating presence across four established regional data center markets.
Novacap is a leading North American private equity investor and one of Canada's most experienced private equity firms.
H5 Data Centers is a leading owner and operator of data center properties across North America.
The Willkie team was led by partner Jason Pearl and associate Loren Flath and included partner Russell Leaf, associate Ayushi Dwivedi and law clerk Hillary Gabriele.
Related Practice Areas
Related Locations
Willkie Farr & Gallagher LLP published this content on February 02, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on February 02, 2026 at 22:15 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]