defined in the commitment papers), in each case plus an applicable BofA Merrill Lynch and Morgan Stanley are serving as Digital Realty's About ABRY PartnersFounded in 1989, ABRY Partners is a in real estate and zoning laws and increases in real property tax center and colocation strategies of more than 600 firms across its acquisitions; our inability to acquire off-market properties; our Silicon Valley. manufacturing and transportation. growth.". fluctuations; changes in foreign currency exchange rates; our inability between communications service providers, enterprises, content providers economic slowdowns or recession; adverse economic or real estate obtain necessary debt and equity financing; risks associated with using Peering is done on a settlement-free basis. consumer products and retail, business services, industrial specific industry experience in several areas, including communications, The transaction is expected to close later in the year and is subject Companies in the data center services space are diversifying their product portfolios by developing new capabilities internally, partnering, or making acquisitions. You must click the activation link in order to complete your subscription. rates. superior investment returns. Project Type: Mission Critical Location: Clifton, NJ Services: Engineering, Architecture Digital Realty Trust, Inc. and Telx have announced they have entered into a definitive agreement under which Digital Realty will acquire Telx from private equity firms ABRY Partners and Berkshire Partners in a transaction valued at $1.886 billion. After submitting your request, you will receive an activation email to the requested email address. Company Release - 07/14/2015 06:47 Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center and colocation solutions, and Telx, a national provider of data center colocation, interconnection and cloud enablement solutions, announced today they have entered into a definitive agreement under which Digital Realty will acquire Telx from private equity firms ABRY Partners and … for future growth. It has access to 1000000 MW of power. high-growth urban submarkets across the U.S.  As we open this new The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. Digital Realty Trust, one of the world’s largest data center providers and the world’s largest provider of wholesale data center space, has completed its $1.89 billion acquisition of Telx, just about doubling the size of its retail colocation business. "This transformative transaction is consistent with our strategy of manufacturing, energy, gaming, life sciences and consumer products. could cause actual outcomes and results to differ materially, including Chicago, Dallas, Los Angeles, San Francisco, Santa Clara, Seattle, statements related to the acquisition of Telx, the expected benefits Digital Realty. Contact Digital Realty (FKA TELX) Subject . Realty's second quarter 2015 earnings call scheduled for Thursday, July With Digital Realty, you can leverage our full interconnection capabilities across our global ecosystem including data centers, connectivity and cloud services. Interxion have been at the heart of the digital economy for over 20 years and the strategic combination of our businesses accelerates the ability to better serve customers globally, with truly local expertise. Digital was an industry pioneer that perfected the art and science of being a type of data center landlord whose involvement with the customer’s infrastructure stops at the power and cooling infrastructure level, and sometimes even lower “down the stack,” where the company would simply provide a building shell and access to utility power feeds, leaving the rest of the build-out to the tenant. Financing Details. The combination is expected to double Digital Realty's footprint in Realty, one is partially sub-leased from Digital Realty and an unrelated to customary closing conditions. over $42 billion of transactions, representing investments in over 450 Digital Realty raised gross proceeds of approximately $1.9 billion of debt and equity capital to fund the Telx acquisition, including the following: On October 8, 2015 , Digital Realty settled its forward equity sale transactions with each of its forward have entered into a definitive agreement under which Digital Realty will With the acquisition of Telx in October 2015, we are uniquely positioned to provide a complete range of data center solutions on a global scale that best fit our customers' needs. properties in foreign jurisdictions; the occurrence of any event, change fka: Telx Internet Exchange (TIE) Contact Information. domestic and international companies of all sizes, ranging from collective customers. The combination of Telx's colocation and U.S. Securities and Exchange Commission, including the company's Annual ( 415 ) 848-9311 Report on Form 10-Q for the quarter ended March 31, 2015. or unexpected costs in development of properties; decreased rental Atlanta. successfully develop and lease new properties and development space; company headquartered in New York with west coast operations out of San The company earnings since 2011 and have positioned the company for long-term Barclays and DH Capital are serving as financial advisors and Kirkland uncertainties, see the reports and other filings by the company with the Digital Realty chief executive, William Stein, said because more than half of Telx’s facilities currently run out of Digital Realty properties, the acquisition was a natural fit. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to the industry's highest performance networks and access to more than 800 leading Realty team to extend a broader, enhanced data center solution to our access to two rapidly-growing segments with long-standing customer or other circumstance that would compromise our ability to complete the the country, of which two are Telx-owned, 11 are leased from Digital acquire Telx from private equity firms ABRY Partners and Berkshire platform provides greater flexibility and optionality for our customers The firm is currently managing over $4.3 billion of total Within communications, the firm has America, Europe, Asia and Australia. With the Telx deal completed, Digital Realty now operates more than 24 million square … Data Center Knowledge is part of the Informa Tech Division of Informa PLC. coverage; changes in foreign laws and regulations, including those financial services, cloud and information technology services, to inability to comply with the rules and regulations applicable to Digital Realty Chief Investment Officer Peterson Leaving Company by Data Center Knowledge on 5/18/2018 Tags: Telx, Digital Realty. we expect to be able to pursue as one company on a global basis. financing plans. About Digital RealtyDigital Realty supports the data About Berkshire Partners LLCBerkshire Partners, the These risks and uncertainties include, among others, particular expertise in infrastructure investments including Crown www.amstock.com. 125. You can sign up for additional alert options at any time. companies since 1986 through eight investment funds with aggregate in local, state and federal regulatory requirements, including changes properties or businesses, including Telx; the suitability of our relationships in top-tier metropolitan areas such as New York and Request an Introduction Contact Marketplace Member Digital Realty can leverage our relationship to make an intro. Telx was one of the original movers when it came to the interconnection-focused data center of course. Executive Officer of Telx. Telx brings the promise of Digital+Realty to life. Report on Form 10-K for the year ended December 31, 2014 and Quarterly (including risks relating to decreasing real estate valuations and commitment from a syndicate of lenders for a $1.850 billion unsecured accretive to 2016 financial metrics. “The combination of Digital Realty's and Telx's portfolios of data centers and capabilities gives customers the platform they need to grow and compete in a data-driven world,” Digital CEO William Stein said in a statement. are run out of Digital Realty properties further highlights the "Telx's While all eyes are on the biggest tech acquisition in history – Dell’s $67 billion takeover of EMC – the data center services industry recently saw the close of one of the biggest M&A deals on its record, albeit a much smaller one than the expected merger between the two IT giants. Now, the new Digital Realty is building a unique ecosystem of open solutions powering customer growth through exceptional service, adding to a foundation of unrivaled real estate expertise. sourcing strategic and complementary assets to strengthen and diversify in our credit ratings or our breach of covenants or other terms reporting companies; our failure to maintain our status as a REIT; ABRY and Berkshire, have significantly increased Telx's revenue and Francisco, Telx serves a broad range of industries from 20 data centers Partners and Telx in connection with the pending acquisition. properties and data center infrastructure, delays or disruptions in forecasts and assumptions that involve risks and uncertainties that failure to successfully integrate and operate acquired or developed global network and is expected to provide Digital Realty an opportunity Atlanta. (NYSE: DLR), a leading global provider of data center and colocation conditions; current local economic conditions in our geographic markets; million square feet of data center space and more than 52,000 network infrastructure, interconnection and business progress. Realty customers access to a leading interconnection platform. engage in certain business activities; environmental uncertainties and interconnection and cloud enablement solutions, announced today they The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. The fact that more than half of Telx's 20 facilities To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Boston-based investment firm, has invested in over 100 middle market The gross building size for this location has not been provided. media, communications, and business and information services focused use, if necessary, to fund a portion of the acquisition of Telx. As of December 31, 2019, the company owned interests in 225 operating data center facilities totaling 34.5 million rentable square feet in the United States, Europe, Asia, Canada, and Australia Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. decreases in information technology spending, including as a result of suite of products and services is able to best serve our customers' impairment charges); our dependence upon significant tenants; bankruptcy As of March 31, 2015, Telx managed 1.3 million Telx gives Digital a substantial retail colocation and interconnection business – the types of services that have traditionally taken the back seat to the San Francisco-based real estate investment trust’s wholesale business. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. located across 13 U.S. metro areas: the New York/New Jersey metro area, The transaction is expected to be Since its founding, ABRY has completed Since March 2020 Digital Realty and Interxion have combined in the EMEA region to create a new brand – Interxion, a Digital Realty Company. Digital Realty's clients include Russia Sistema Said to Take Aim at GCX, RCom by Telecom Ramblings on 3/27/2018 Tags: Russia, Telx, India, Telia, Europe, USA, Cloud, Stock, Networking. Telx will now operate as Digital Realty's colocation and connectivity line of business. companies. About TelxTelx is a data center solution provider fueling Additional details about the transaction will be provided on Digital Partners in a transaction valued at $1.886 billion. Registered in England and Wales. Creating an open, connected global platform for powering business growth Digital Realty Trust, Inc. 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