Frankfurt—Global law firm Dentons has advised Photon Capital, a leading investor in digital infrastructure, on the sale of a 49 percent stake in Penta Infra, a Netherlands-based data center developer and operator to PGGM. Photon Capital has been a key shareholder in Penta Infra since its inception and will remain a significant stakeholder alongside PGGM.

PGGM is a Dutch pension investor managing capital for PFZW, the pension fund for the healthcare and welfare sector.

Penta Infra operates a pan-European platform of modern, sustainable data centers, offering carrier-neutral colocation services in key markets such as Germany, France, the Netherlands, Belgium, and Denmark. This transaction marks an important milestone for Penta Infra, which recently expanded its footprint with a new data center in Brussels, serving customers such as Vrije Universiteit Brussel and Universitair Ziekenhuis Brussel.

The partnership with PGGM will enhance Penta Infra’s ability to realize its growth plans. With PGGM’s long-term investment expertise and Photon Capital’s deep sector knowledge, Penta Infra is well-positioned to meet the growing demand for digital infrastructure across Europe.

A cross-border Dentons team led by Dr. Christoph Papenheim advised Photon Capital comprehensively on the transaction.

Advisors to Photon Capital: 

Dentons (Germany): Corporate/M&A: Dr. Christoph Papenheim (Partner, Federführung), Dr. Lin Liu (Counsel), Hilke Schmitt (Counsel), Celine Brunnett (Senior Associate), all Frankfurt

Tax: Dr. Dominik Thomer (Partner, Düsseldorf), Michael Helm (Partner, Berlin), Wojciech Murzin (Senior Associate, Berlin), Jean-David Koch (Associate, Düsseldorf);

Employment: Frank Lenzen (Partner, Frankfurt);

Real Estate: Dr. Andrej Latinović (Counsel, Frankfurt);

Dentons (Netherlands): Corporate/M&A: Casper Haket (Partner), Rogier van der Weijden (Senior Associate), Kevin Boekhout (Associate), Tessa Steenbakkers (Associate)

Tax: Jurjen Bevers (Partner), Mehdi el Manouzi (Senior Associate), Esther Hazenoot (Associate)

Employment: Tjerk Bijlsma (Associate)

IP/IT: Alexander Odle (Partner), Thom Caro (Senior Associate), Tom Brohm (Associate)

Real Estate: Bas van der Reep (Senior Associate)

Energy/Regulatory: Sanne Jeurissen (Senior Associate)

Banking and Finance: Vivienne de Jong (Associate), all Amsterdam

Dentons (France): Corporate/M&A: Djesia Meziani (Counsel)

Tax: Jérôme Le Berre (Partner)

Real Estate: Pascal Schmitz (Partner), Charlotte Rossi (Associate)

Competition and Antitrust: Emmanuelle Van Den Broucke (Partner), Suzane Darkazanli (Associate), all Paris

Dentons (Belgium): Corporate/M&A: Laurens Engelen (Partner), Martijn Segers (Associate)

Banking and Finance: Domien Kriger (Associate), all Brussels

Horten (Denmark): Corporate/M&A: Frans Rossen (Partner), Christian Vesterling (Attorney)

Tax: Troels Rømer (Associate), Martin Lars Mols Jensen (Attorney)

Herbst Kinsky (Austria): Corporate/M&A: Phillip Dubsky (Partner)

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com