Shearman & Sterling advised I Squared Capital in connection with the acquisition and combination of Mateen Cloud Ventures and Infofabrica Holdings, two Singapore-based Cloud migration services companies, via its ISQ Global Infrastructure Fund II. The combined businesses will become a leading Cloud migration and managed services provider in Southeast Asia and India, providing capability across all major public Cloud operators.
The investments are part of a new Asian digital infrastructure platform and will enable I Squared Capital’s digital infrastructure companies to offer comprehensive cloud-based solutions to the clients. The cloud platform will have a pool of over 300 professionals. The acquisitions take I Squared Capital’s investments to the digital infrastructure sector to over $2.6 billion.
I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, telecom and transport in the Americas, Europe and Asia. The company is headquartered in Florida, Miami, U.S. and has offices in Hong Kong, London, New Delhi, New York and Singapore.