Csquare Closes $1.05 Billion Initial Public Offering

Paul, Weiss advised Csquare, Inc., in its initial public offering of 50 million shares of common stock at $21.00 per share, generating gross proceeds of $1.05 billion. Morgan Stanley, TD Securities, Wells Fargo Securities, BofA Securities, BMO Capital Markets and Scotiabank acted as joint lead book-running managers for the offering; Jefferies, J.P. Morgan, RBC Capital Markets and Societe Generale acted as joint book-running managers; and Brookfield Capital Solutions, CIBC Capital Markets, National Bank of Canada Capital Markets and PNC Capital Markets LLC acted as co-managers.

Csquare is a leading North American enterprise digital infrastructure platform providing carrier-neutral colocation and interconnection services, and is sponsored by Brookfield Infrastructure Partners.

The Paul, Weiss team was led by corporate partners Brian Janson, Ravi Purohit and Christopher Van Buren, and included executive compensation partner Jean McLoughlin and counsel Cynthia Akard; tax partners Scott Sontag and Reuven Garrett; antitrust partner Christopher Wilson; and environmental partner Stefanie Gitler.