Slaughter and May is advising Equinix, Inc. on the separation and subsequent sale of eight assets in its European business to Digital Realty Trust, Inc. for $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, on which Slaughter and May also advised.

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 $23 billion.

Slaughter and May worked as a joint team with RBC Capital Markets as well as members of the European Best Friends network, De Brauw Blackstone Westbroek in the Netherlands and Hengeler Mueller in Germany.

Slaughter and May is also advising on the Corporate aspects of the sale.

Contacts

Intellectual Property/Information Technology: Rob Sumroy (partner), Laura Houston (associate), Richard McDonnell (associate), Emma Haywood (associate), Kate Gaplevskaja (associate); Corporate: Richard Smith (partner), Natalie Cook (associate), Nicola Lindop (associate), James Cook (associate), Edward Steward (associate), Max Schofield (associate), Jack Gray (associate), Matthew Calvert (trainee), Francesca Parker (trainee), Jack Dickie (trainee); Competition: Philippe Chappatte (partner), Anish Narendran (associate), Zsolt Vertessy (associate), Felicity Mithen (associate), Ignacio Cesar Mora (associate); Real Estate and Environmental: John Nevin (partner), Samantha Brady (senior counsel), Lee Foxcroft (associate), Richard Keczkes (associate), Hemita Sumanasuriya (trainee); Tax: Mike Lane (partner), Gregory Price (associate); Pension and Employment: Jonathan Fenn (partner), Chris Boyle (associate); Financing: Matthew Tobin (partner), Charlotte Ferard (associate)