Khaitan advises Web Werks in JV with Iron Mountain

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Khaitan & Co advises Web Werks JV

Khaitan & Co advised colocation data centre provider Web Werks and its promoters when they agreed a joint venture with New York-listed Iron Mountain. Cyril Amarchand Mangaldas advised Iron Mountain.

Under the deal Iron Mountain will invest US$150 million over the next two years to become the majority shareholder in Web Werks, was announced on 24 February. The first phase of the transaction is expected within months.

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