Equinix £2.6 billion acquisition of TelecityGroup

Overview:

• Equinix has acquired UK data centre company Telecity for £2.35 billion.
• Telecity shareholders received 572.5p per share plus 0.0327 of one new Equinix share and own 10.1% of the combined company.
• Telecity had been looking to merge with Dutch company Interxion.
• Telecity was advised by Goldman Sachs, Oakley Capital, Barclays and Greenhill & Co. Equinix was advised by JPMorgan.
• Equinix took out a £875 million bridge credit facility to finance the acquisition with JPMorgan Chase acting as initial lender.

Sam Duke - Editor