Debevoise & Plimpton LLP is advising InterXion (NYSE: INXN) in its combination with Digital Realty (NYSE: DLR) to create a leading global provider of data center, colocation and interconnection solutions. Under the terms of the purchase agreement, InterXion shareholders will receive a fixed exchange ratio of 0.7067 Digital Realty shares per InterXion share. The transaction values InterXion at approximately $93.48 per ordinary share or approximately $8.4 billion of total enterprise value, including assumed net debt. Completion of the transaction is subject to customary closing conditions, including approval by shareholders of InterXion and shareholders of Digital Realty. For more information, please see the companies’ press release.
InterXion is a leading provider of carrier- and cloud-neutral colocation data center services in Europe, serving a wide range of customers through more than 50 data centers in 11 European countries. Digital Realty supports the data center, colocation and interconnection strategies of customers across the Americas, EMEA and APAC, ranging from cloud and information technology services, communications and social networking to financial services, manufacturing, energy, healthcare and consumer products.
The Debevoise team is led by M&A partners Jeff Rosen, William Regner and Sue Meng and includes M&A associates Ross Liemer, Brett Rose, Joel Salomon and Priya Soni, employee benefits counsel J. Michael Snypes and associate Zain Kazmi, finance partner Pierre Maugue and associate Brad Taylor, tax partners Gary Friedman and Peter Furci, capital markets partner Peter Loughran and associate Carolina de Barros, and antitrust partners Daniel Abuhoff and Timothy McIver and counsel Erica Weisgerber.