backKing & Spalding acted as legal advisor to Safanad Limited in connection with the launch of a new U.S. data center platform, Element Critical, alongside 26North Partners, Arctos, and Mercuria. The platform is anchored by the acquisition of two enterprise data center facilities in Houston and Austin, Texas, and is designed to accelerate the growth of Element Critical to meet rising AI-driven data center demand.
Safanad is a principal-led investment company that builds world-class businesses, with investment and operating platforms in digital infrastructure, education, healthcare, and real estate, co-headquartered in New York and Riyadh.
The partnership brings together 26North’s investment expertise, Mercuria’s energy market knowledge, Safanad’s operating experience, and Arctos’s capital solutions, positioning Element Critical to expand across top U.S. markets and support the needs of leading clients in technology, financial services, healthcare, energy, and Fortune 500 companies.
A multi-disciplinary team from King & Spalding advised Safanad and included Amit Kataria, Jonathan Melmed, Aaron Hullman, Sunandini Das, Conrad Axelrod, Jake Downing, Eduardo Markson, Luis Guillermo Andrade III, Jessica Dangoia-Crandall, Sue Moon, and Mary Kennedy. More information can be found here.