InfraCompute / Investments
Equinix acquires TelecityGroup
M&A · TelecityGroup · US$3.8bn, 15 January 2016.
Key terms
- Company
- TelecityGroup
- Date
- 15 January 2016
- Type
- M&A
- Value
- US$3.8bn
- Status
- Completed
- Region
- Europe
What happened
Equinix completed its cash-and-shares acquisition of London-listed TelecityGroup, more than doubling its European capacity. Eight assets were later sold to Digital Realty to meet EU competition conditions.
Recorded terms
- Consideration
- About US$1.7bn cash and about 6.8m Equinix shares
- Divestment
- Eight European assets sold to Digital Realty in 2016
- Value basis
- About US$3.8bn (£2.6bn) per Equinix at completion; offer announced May 2015 at about £2.35bn
- Segment
- Data centres
Parties
More investments
For counsel on a deal like this
M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- Equinix: Equinix solidifies EMEA data center portfolioSource date: 5 July 2016
- DCD: Equinix closes Telecity acquisitionSource date: 15 January 2016
About this record
Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.
