Iron Mountain Incorporated acquired Xdata Properties from Stoneshield Capital for €90 million.
November 03, 2022
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Iron Mountain Incorporated (NYSE:IRM) acquired Xdata Properties from Stoneshield Capital for €90 million on October 5, 2022. Under the terms of transaction, €80 million will be paid in cash and €10 million will be paid based on the achievement of certain power connection milestones through December 2024. Morgan Stanley and CBRE's Real Estate Investment Banking (REIB) team, director, Pablo Callejo advised Stoneshield Capital. Linklaters, S.L.P. team, Gabriel Cabello, Esteban de Santos, Pablo Medina and SofÃa Maldonado acted as legal advisors to Stoneshield Capital.
Iron Mountain Incorporated (NYSE:IRM) completed the acquisition of Xdata Properties from Stoneshield Capital on October 5, 2022.
Iron Mountain Inc is engaged in a physical ecosystem supporting information storage and retrieval for businesses which rely on paper documents or computer tapes to store their valuable information. The Companyâs segments include Global Records and Information Management (Global RIM) Business and Global Data Center Business. The Global RIM Business segment includes various offerings, including records management, data management, global digital solutions, secure shredding, secure shredding, and consumer storage. The Global Data Center Business segment provides data center facilities and the capacity to protect mission-critical assets and ensure the continued operation of its customersâ information technology (IT) infrastructure with data center options. The Company also offers IT asset disposition customer solutions. It serves industries, such as commercial, legal, financial, healthcare, insurance, life sciences, energy, business services, entertainment and government organizations.
IRON MOUNTAIN INCORPORATED 
