Hengeler Mueller advises Equinix on Carve-out and sale of European Data-Centres to Digital Realty Trust for USD 874.4 m
17. May 2016
The sale with was a condition of the clearance from the European Commission for the acquisition of Telecity Group plc by Equinix in January 2016. The sale is subject to certain customary closing conditions, including approval by the European Commission, as well as completion of a works council consultation process in the Netherlands. Upon satisfaction of those conditions, the transaction is expected to close in Q3 2016.
Equinix is a leading global data centre provider operating 145 data centre facilities in 40 markets across 5 continents. It is a US Real Estate Investment Trust (REIT) headquartered in Redwood City, California and listed on NASDAQ with a market capitalisation in excess of USD 23 bn.
Hengeler Mueller, working as an integrated team with best friends law firms lead counsel Slaughter and May in UK and De Brauw Blackstone Westbroek in the Netherlands, advised Equinix on this transaction. The Hengeler Mueller team includes partners Simon Patrick Link (Corporate/M&A, Munich), Daniel Kress (Real Estate, London), Matthias Scheifele (Tax), Christian Hoefs (Employment) (both Frankfurt), Thorsten Mäger (Antitrust) and counsel Daniel J. Zimmer (Energy Law), Patrick H. Wilkening (IT/IP) (both Düsseldorf), Fabian Seip (Telecommunication, Berlin) as well as associates Lisa Kopp, Elisabeth Kreuzer (both Corporate/M&A, Munich) and Sonnhild Draack (Employment).
The Equinix legal team was led by EMEA General Counsel Peter Waters along with legal counsel Nick Greaves and Heimold Nemec.