The last few years have seen a significant increase in M&A activity in the data centre space, involving sponsors, hyper-scalers, developers and construction companies. Drawing on cross-border legal and market perspectives, this panel will examine recent trends in this space, including continued investor appetite, platform consolidation and the growing importance of digital infrastructure as an asset class. It will also consider some of the key regulatory and execution issues shaping the sector, including grid connection constraints, power availability and the implications for development, financing and transaction structures.