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Oakley Capital Corporate Finance Acts As A Financial Advisor To Telecitygroup Plc On Its Announced All-Share Merger With Interxion Holding N.V.
March 10th, 2015
Telecity Group - Oakley News
Company Name
TelecityGroup plc
Company Sector
Hosting & Datacentres
Deal Size
£1.8bn
Location
UK and Europe

Oakley Capital Corporate Finance (“Oakley”), the leading TMT specialist corporate finance firm, has advised TelecityGroup plc (“Telecity”) on its announced definitive agreement to enter into an All-Share Merger with Interxion Holding N.V. (“Interxion”), each a provider of data centres in Europe. The transaction will be structured as an offer by Telecity to acquire all the issued and to be issued share capital of Interxion.

Under the terms of the transaction, Interxion shareholders would receive 2.3386 new Telecity shares per Interxion share. As a result, Telecity shareholders would own approximately 55%, and Interxion shareholders approximately 45%, of the combined group. The exchange ratio of 2.3386 new Telecity shares per Interxion shares implies a 15% premium to the undisturbed Interxion share price of $26.47 per Interxion share (as at close of business on 9 February 2015).

The boards of Telecity and Interxion believe the combination of the two businesses is strategically compelling. Demand for data centre services is evolving rapidly as enterprise data and digital applications migrate to the cloud. The additional scope and scale of the combined business will provide customers with an enhanced product set, more robust connectivity choices and cloud platforms, and be better positioned to service the needs of global data centre customers.

The announced transaction is expected to close in the second half of 2015.
The Oakley team was led by Christian Maher, Partner and included Daniel Havercroft, Anthony Yaneza, Zishaan Arshad and David Rogers. The team provided independent strategic M&A advice to the board and deal support to the management team during the process alongside Telecity’s Lead Financial Advisor, Goldman Sachs.

Christian Maher commented:

“Telecity has been a client of ours since we advised on its IPO in 2007 and we are delighted to be advising the Company on this transformational deal. The proposed transaction underlines our credentials in the datacentre sector, cross-border transactions and our increasing work with listed companies. We are a leading M&A advisor in the datacentre sector and this area remains as busy as ever for us as we build on our detailed sector knowledge and relationships with many of the leading players and investors in the industry.”

Since its establishment in late 2007, Oakley has completed over 55 transactions with a total enterprise value of more than £5 billion.

For more informations please contact:
Christian Maher, Partner
02077666933

*Completed as Oakley Capital Corporate Finance


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