Freshfields advises Onnec on its acquisition by CBRE

Global law firm Freshfields is advising Onnec Group Limited, a leading provider of data centre infrastructure services for the world’s largest technology companies in Europe and Asia Pacific, on its acquisition by CBRE Group, Inc. for an initial purchase price of £460 million (approximately $610 million), in addition to a potential earnout of up to £300 million (approximately $400 million). The transaction is subject to customary regulatory approvals.

Founded in 1986 and based in London, Onnec specializes in the design, deployment and maintenance of network, fibre and data centre infrastructure. The company’s approximately 800 employees serve hyperscalers across key markets in the United Kingdom, Continental Europe and Asia Pacific. 

The Freshfields team is led by partner Meredith Bayley, supported by Global Co-Head of Infrastructure Jessamy Gallagher and senior associate Charles Wakeford, together with partners Tom McGrath (antitrust and foreign direct investment), Sam Withnall (tax), David Mendel (employment), Giles Pratt (IP/IT and data) and Martin Hutchings (finance).