Snowhawk LP, a private equity firm that invests in businesses that power the economy’s digital transition, has made an investment in CleanArc Data Centers, a developer and operator of renewables-focused hyper scale data center campuses.
Snowhawk’s investment will drive CleanArc’s growth as the company expands its team and develops its first data center campus in Virginia. Supported by Snowhawk’s investment, CleanArc recently acquired land located between Ashburn, Virginia and Richmond, Virginia, with plans to deliver 600MW of data center capacity on land already zoned for data center use within a 650-acre campus.
PJT Partners served as financial advisor to Snowhawk and Kirkland & Ellis LLP acted as legal advisor. TD Securities and CBRE Capital Advisors acted as financial advisors to CleanArc and BakerHostetler acted as legal advisor.