Deal Closed | Web Werks India Private Limited | Strategic Joint Venture with Iron Mountain Incorporated

The details of the deal are as follows:

Announcement Date: 24-Feb-2021 

Name of Client: Web Werks India Private Limited 

Investee Details: Web Werks India Private Limited | India  

Web Werks India Private Limited is an Indian co-location data center provider with data centers located in Mumbai, Pune, and Delhi (NCR) along with 3 worldwide Points of Presence (POPs). Web Werks currently operates 4 megawatts (MW) of capacity supporting 6,000+ servers running 850 clients. Web Werks has a combined footprint capability of 225,000 square feet. 

Deal Description: Web Werks India entering into a strategic joint venture arrangement with global storage and information management services firm Iron Mountain Incorporated (IRM) to accelerate Web Werks’ expansion plans across India, along with increasing its overall data center capacities. 

Total Consideration: USD 150 million 

Team Members: The core team consisted of Deepak Jodhani (Partner), Ashutosh Sharma (Principal Associate), Gautam Suseel (Senior Associate) and Amulya Sharma (Associate) with assistance from Reshma Abraham (Associate) and Utsav Lohia (Associate) on the Due Diligence. 

Role of Firm: Advised Web Werks India Private Limited and its promoters in establishing a strategic joint venture with Iron Mountain 

Other legal advisors if any: Cyril Amarchand Mangaldas