Paul Hastings Europe advises MGX and Silver Lake on $2.2 billion acquisition from e&

MGX and Silver Lake invested as minority shareholders in Khazna Data Centers alongside G42, the UAE-based artificial intelligence technology holding company that remains Khazna's majority owner. The transaction sits within Khazna's ownership structure rather than a full change-of-control sale.
The deal combined e&'s exit from its Khazna holding for US$2.2 billion with minority investments by MGX and Silver Lake in Khazna. The disclosed economics center on the US$2.2 billion sale value for e&'s stake.
A notable post-transaction feature is that G42 continues as majority owner of Khazna even after MGX and Silver Lake come in as minority investors. The transaction therefore broadens Khazna's shareholder base while preserving G42's control position.

MGX and Silver Lake invested as minority shareholders in Khazna Data Centers alongside G42, the UAE-based artificial intelligence technology holding company that remains Khazna's majority owner. The transaction sits within Khazna's ownership structure rather than a full change-of-control sale.
The deal combined e&'s exit from its Khazna holding for US$2.2 billion with minority investments by MGX and Silver Lake in Khazna. The disclosed economics center on the US$2.2 billion sale value for e&'s stake.
A notable post-transaction feature is that G42 continues as majority owner of Khazna even after MGX and Silver Lake come in as minority investors. The transaction therefore broadens Khazna's shareholder base while preserving G42's control position.

Deal Overview