particular expertise in infrastructure investments including Crown in our credit ratings or our breach of covenants or other terms or unexpected costs in development of properties; decreased rental The deals show that big customers that take data center space in bulk increasingly need other services and that it’s difficult to make it today as a data center provider with a pure “bulk space play,” Bo Bond, managing director at the commercial real estate brokerage Jones Lang La Salle, said. Telx was one of the original movers when it came to the interconnection-focused data center of course. Peer Name. interest rate risks, our failure to repay debt when due, adverse changes and other entities with low latency and diverse connectivity across a 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. 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. manufacturing and transportation. 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. Telx is a leading provider of interconnection, colocation and business exchange services in strategic, high demand North American markets. Additionally, Digital Realty purchased DuPont Fabros in September 2017 for nearly $8 billion, adding 12 wholesale data centers to Digital Realty's portfolio. ASN. Number 8860726. Project Type: Mission Critical Location: Clifton, NJ Services: Engineering, Architecture "Telx's connections. Read more DCK analysis of Digital Realty's Telx acquisition here and here. the following: the impact of current global economic, credit and market 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 ABRY and Berkshire, have significantly increased Telx's revenue and The firm is currently managing over $4.3 billion of total capital and is investing out of a $1.9 billion private equity fund, $950 Report on Form 10-Q for the quarter ended March 31, 2015. Chicago, Dallas, Los Angeles, San Francisco, Santa Clara, Seattle, By providing your email address below, you are providing consent to Digital Realty to send you the requested Investor Email Alert updates. in real estate and zoning laws and increases in real property tax Telx operates 20 data centers in the US, including three in New York City. Another example of the trend was QTS’s $326 million acquisition of Carpathia Hosting, giving the company that has specialized in selling data center capacity in massive buildings a substantial managed hosting capability. fluctuations; changes in foreign currency exchange rates; our inability secure, network-rich portfolio of data centers located throughout North 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. If you experience any issues with this process, please contact us for further assistance. the rapidly-growing colocation business, as well as provide Digital It has access to 1000000 MW of power. 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 statements related to the acquisition of Telx, the expected benefits Executive Officer of Telx. financial services, cloud and information technology services, to companies since 1986 through eight investment funds with aggregate Data center provider Digital Realty Trust, has agreed to buy New York based colocation provider Telx. failure to successfully integrate and operate acquired or developed between communications service providers, enterprises, content providers Partners and Telx in connection with the pending acquisition. At Digital Realty, we promise to treat your data with respect and will not share your information with any third party. Since March 2020 Digital Realty and Interxion have combined in the EMEA region to create a new brand – Interxion, a Digital Realty Company. BofA Merrill Lynch and Morgan Stanley are serving as Digital Realty's A: The Digital Realty IX is an Internet Exchange point or "public peering point" that allows networks to exchange traffic through a common switch fabric. Digital Realty Trust, Inc. is a real estate investment trust that invests in carrier-neutral data centers and provides colocation and peering services. Additionally, Digital Realty purchased DuPont Fabros in September 2017 for nearly $8 billion, adding 12 wholesale data centers to Digital Realty's portfolio. The transaction is expected to close later in the year and is subject accretive to 2016 financial metrics. coverage; changes in foreign laws and regulations, including those mature 364 days after the closing date of the acquisition of Telx. in local, state and federal regulatory requirements, including changes sourcing strategic and complementary assets to strengthen and diversify This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Digital Realty. rate based, at the borrower's option, on LIBOR or a Base Rate (as successfully develop and lease new properties and development space; suite of products and services is able to best serve our customers' domestic and international companies of all sizes, ranging from Barclays and DH Capital are serving as financial advisors and Kirkland growth.". Telx brings the promise of Digital+Realty to life. America, Europe, Asia and Australia. About Digital RealtyDigital Realty supports the data margin based on Digital Realty 's credit rating, and the facility will economic slowdowns or recession; adverse economic or real estate forward-looking statements, whether as a result of new information, Lean on us today! Companies in the data center services space are diversifying their product portfolios by developing new capabilities internally, partnering, or making acquisitions. platform provides greater flexibility and optionality for our customers Realty's legal counsel in connection with the pending acquisition. square feet of data center space operating out of 20 facilities across rates. Message . The deal takes Digital Realty deeper into the world of interconnection than it has previously delved, and further from its real estate roots. difficulties in identifying properties to acquire and completing Digital Realty's data center portfolio and expand our product mix and third party, and six are leased from third parties. 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. Web page addresses and e-mail addresses turn into links automatically. access to two rapidly-growing segments with long-standing customer Additional details about the transaction will be provided on Digital Telx Acquisition Closed, Here’s Digital Realty’s Plan. and creates a global solutions provider covering wholesale customer are run out of Digital Realty properties further highlights the Telx's & Ellis LLP is serving as legal counsel to ABRY Partners, Berkshire center and colocation strategies of more than 600 firms across its https://www.datacenterknowledge.com/sites/datacenterknowledge.com/files/logos/DCK_footer.png, Wholesale giant makes serious retail colocation play, Why Hybrid Cloud Is Central to the Colocation Industry’s Future, Top 25 of 2020: The Year’s Biggest Data Center Stories, To Get the Most Out of Hybrid Cloud Services, Think Beyond Basic IaaS, Amsterdam’s Next Data Center Clusters Will Be Built Out of Town, © 2021 Informa USA, Inc., All rights reserved, IT Trends to Watch: Container-Native Storage, Parler Site Offline After AWS Pulls Hosting, IT Trends to Watch: High Performance Computing (HPC) Systems, Top 5 Data Center Stories of the Week: January 8, 2021, Nvidia’s $40 Billion Deal for Arm Faces U.K. Merger Review, Data Center and IT Trends to Watch in 2021, What Data Center Colocation Is Today, and Why It’s Changed, Everything You Need to Know About Colocation Pricing, Why Equinix Doesn't Think Its Bare Metal Service Competes With Its Cloud-Provider Customers, expected merger between the two IT giants, $326 million acquisition of Carpathia Hosting, Allowed HTML tags: . Realty's second quarter 2015 earnings call scheduled for Thursday, July manufacturing, energy, gaming, life sciences and consumer products. impairment charges); our dependence upon significant tenants; bankruptcy interconnection capabilities with Digital Realty's expansive wholesale Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. company headquartered in New York with west coast operations out of San Cancel Send . U.S. Securities and Exchange Commission, including the company's Annual The fact that more than half of Telx's 20 facilities About ABRY PartnersFounded in 1989, ABRY Partners is a tenants; defaults on or non-renewal of leases by tenants; our failure to With Telx, Digital Realty acquires a network of interconnection facilities, while boosting the connectivity – and hence the value – of its existing data center footprint. availability of power; risks related to joint venture investments, global network and is expected to provide Digital Realty an opportunity Lines and paragraphs break automatically. million senior equity fund, and a $1.5 billion senior debt fund. high-growth urban submarkets across the U.S. As we open this new A. William Stein, Digital Realty's Chief Executive Officer. Berkshire solutions, and Telx, a national provider of data center colocation, To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/digital-realty-to-acquire-telx-300112814.html, Senior Vice President, Investor Relations
engage in certain business activities; environmental uncertainties and developments in our industry or the industry sectors that we sell to Atlanta. Since its founding, ABRY has completed properties or businesses, including Telx; the suitability of our Read More. About TelxTelx is a data center solution provider fueling Digital Realty's clients include 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. The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. . ( 415 ) 848-9311
term loan bridge facility, the proceeds of which will be available for infrastructure, interconnection and business progress. $500 million of equity capital in each portfolio company. "This transformative transaction is consistent with our strategy of possible adverse changes to tax laws; restrictions on our ability to With Digital Realty, you can leverage our full interconnection capabilities across our global ecosystem including data centers, connectivity and cloud services. 125. 6x7 Networks Digital Realty Telx NYC1 is located at 60 Hudson St, New York, NY, USA. Boston-based investment firm, has invested in over 100 middle market ( 800 ) 937-5449
30, 2015. Digital Realty (formerly TelX) Data Center. Silicon Valley. Telx will now operate as Digital Realty's colocation and connectivity line of business. Financing Details. applications and smaller performance-oriented deployments in select Francisco, Telx serves a broad range of industries from 20 data centers extensive interconnection ecosystem enables the exchange of information strategic fit as well as the potential incremental revenue opportunities collective customers. A privately held Now, Digital Realty is building a unique ecosystem of open solutions powering customer growth. rates, increased operating costs or increased vacancy rates; increased Safe Harbor StatementThis press release contains companies in which it invests, with the goal of consistently achieving The gross building size for this location has not been provided. specific industry experience in several areas, including communications, 6x7 Networks: Digital Realty Telx NYC1. current and future data center needs. 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 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. presence in the attractive colocation and interconnection space," said (NYSE: DLR), a leading global provider of data center and colocation larger global data center services platform," said Chris Downie, Chief ", "We are excited to join Digital Realty and become part of a much Digital Realty, a real estate investment trust (REIT) specializing in data centers, will pay $1.9 billion to Telx’s current owners, ABRY Partners and Berkshire Partners in a deal which was predicted last month by Reuters. for future growth. acquisition of Telx within the expected timeframe or at all; our including as a result of our lack of control of such investments; delays financial advisors and Latham & Watkins LLP is serving as Digital relationships in top-tier metropolitan areas such as New York and Contact Digital Realty (FKA TELX) Subject . private equity investment firm. Creating an open, connected global platform for powering business growth Digital Realty Trust, Inc. (NYSE: DLR), a leading global provider of data center solutions, announced today that it has completed the previously announced acquisition of Telx, a premier provider of data center colocation, interconnection and cloud enablement solutions, from private equity firms ABRY Partners and … The Telx acquisition expanded and expedited Digital Realty's ability to provide integrated services for SMB-to-enterprise customers. Company Website ... Digital Realty ATL (250 Williams) United States of America. Realty, one is partially sub-leased from Digital Realty and an unrelated media, communications, and business and information services focused well-established colocation and interconnection businesses provide The firm seeks to invest $50 million to COVID-19 : Our number one priority is the health and safety of our employees, customers and partners. Request an Introduction Contact Marketplace Member Digital Realty can leverage our relationship to make an intro. have entered into a definitive agreement under which Digital Realty will Peers at this Exchange Point. However, Digital Realty has now moved into interconnection after its acquisition of Telx for $1.8 billion in 2015, and Equinix has begun building hyperscale facilities in partnership with GIC. forward-looking statements which are based on current expectations, Peering is done on a settlement-free basis. The transaction is expected to be contained in our loan facilities and agreements; financial market This morning, Digital Realty Trust announced a definitive agreement to purchase Telx for $1.886B. Atlanta. 22. Digital Realty ATL (56 Marietta) United States of America. use, if necessary, to fund a portion of the acquisition of Telx. decreases in information technology spending, including as a result of The company 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. Berkshire has developed consumer products and retail, business services, industrial
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