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Telecity Group plc
Oakley starts 2016 by completing its largest deal as a financial adviser to Telecitygroup on its £2.9bn acquisition by Equinix
Tcitytransaction
Sector:
Hosting & Datacentres
Transaction Type:
Disposal
Date:
Jan 2016
Deal Value:
£2.9bn

Oakley Capital Corporate Finance (“Oakley”), the independent corporate finance firm offering expert specialist advice across the TMT sector, acted as a Financial Adviser and Rule 3 Adviser to Telecity Group plc (“TelecityGroup”), on the recommended cash and share offer by Equinix, Inc (“Equinix”), a leading global data centre provider. The Transaction, which was first announced in May 2015 has now completed.

The Transaction valued TelecityGroup at approximately £2.9bn for its entire issued and to be issued share capital.

The Oakley team was led by Christian Maher, Partner and included Anthony Yaneza, Marc Jones, Victoria Boxall, Zishaan Arshad and David Rogers. The team advised the Directors of TelecityGroup in their evaluation of the merits of Equinix’s offer including Rule 3 analysis, independent strategic M&A advice and deal support to the management team during the process, alongside TelecityGroup’s Lead Financial Adviser, Goldman Sachs.

Christian Maher commented:

“TelecityGroup was Oakley’s first client when we advised on its IPO in 2007, and we are delighted to have advised the Company on this transaction. This multi-billion pound transaction underlines our credentials with PLCs and cross border deals, as well as our continued activity in the colocation and hosting sector.”

Since its establishment in late 2007, Oakley has completed over 70 transactions with a total enterprise value of more than £9 billion.

For more information, please contact:
Christian Maher, Partner
Anthony Yaneza, Assistant Director
Hannah Dodds
020 7766 6908

 *Completed by Oakley Capital Corporate Finance
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