Exclusive: Data center company Telx explores $2 billion sale – sources

By on April 28, 2015

(Reuters) – Telx Group Inc, an individual fairness-owned supplier of knowledge centers and Network options to companies, is exploring a sale that would price it at around $ 2 billion, together with debt, according to people familiar with the matter.

Telx’s homeowners, ABRY Partners LLC and Berkshire Companions LLC, have interviewed funding banks in contemporary weeks to nominate monetary advisers that will lend a hand run an public sale for The Company, the people said on Monday.

The sources requested to not be identified because the deliberations are private. Telx and ABRY Companions representatives did not immediately reply to requests for comment. Berkshire Companions declined to comment.

U.S. businesses’ burgeoning demand for Information and video is fueling a revival in fiber optic services and Knowledge facilities. new york-based Telx manages 1.3 million Sq. feet of information middle space and greater than 50,000 Community connections.

The Corporate owns 20 Information centers, together with three main ones in NY city. Its buyers vary from small companies that most effective need half of of a cupboard in Knowledge facilities to world corporations requiring a full-flooring rent.

Telx is just the latest Knowledge heart company to hit the auction block. Zayo Team Holdings ZAYO.O bought Information middle company Latysis in February for $ 675 million, whereas AT&T has been pursuing a sale of its Data facilities value $ 2 billion.

Previous on Monday, Lightower Fiber Networks, a fiber firm that is also owned by means of Berkshire Partners and ABRY Companions, bought Fibertech Networks from Court Docket Sq. Networks for $ 1.9 billion.

(Reporting through Liana B. Baker and Greg Roumeliotis; Modifying by Ken Wills)

Reuters: Expertise News

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