17 May 2016

Equinix to divest eight European assets to Digital Realty Trust, Inc.

De Brauw Blackstone Westbroek is advising Equinix, Inc. on the separation and sale of data centres across Europe (including Amsterdam) to Digital Realty Trust, Inc. for USD 874.4 million. The sale 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 the works council consultation process in the Netherlands.

Equinix is a leading global data centre provider operating 145 data centre facilities in 40 markets across five 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 billion.

De Brauw worked as a joint team with members of the European Best Friends network, including Slaughter and May as lead UK counsel and Hengeler Mueller in Germany.

Paul Cronheim, Dorothé Bongaerts-Stubbé, Rutger van Boxtel, Lizette van Loon and Jeanine Clabbers