AMSTERDAM – October 30, 2019 – The Amsterdam office of global law firm Greenberg Traurig, LLP represented InterXion (NYSE: INXN), a leading European provider of cloud- and carrier-neutral colocation data center services, in a business combination with Digital Realty (NYSE: DLR). The transaction values InterXion at approximately USD 93.48 per share or USD 8.4 billion of total enterprise value in an all-stock deal, based on Digital Realty’s closing price on Monday.
This strategic transaction is the largest in the history of the data center industry and will position the combined company as a leading global provider of data center solutions with enhanced presence in major European metropolitan areas. Completion of the transaction is subject to customary closing conditions, including approval by shareholders of InterXion and Digital Realty.
“We are very proud to have represented InterXion in this significant cross-border deal. The legal complexities of the transaction, including a pan European infrastructure analysis in more than 10 jurisdictions and the required combined knowledge of US securities laws and Dutch corporate law was challenging and exciting. However, thanks to the excellent cooperation between InterXion, Digital Realty and their legal advisors, we were always able to find reasonable compromises and sign the transaction in a relatively short period of time”, said Corporate/M&A Shareholder Bas Vletter who led Greenberg Traurig’s team from the Amsterdam office.
The multidisciplinary Greenberg Traurig team consisted of shareholder Bas Vletter (M&A/ECM) and lead associates Laurens Timmer and Rutger Sterk (Corporate/M&A), shareholders Thomas van der Vliet (Tax), Thédoor Melchers (M&A), Paul Westhoff (Corporate), Thomas Timmermans (Employment), Wietse de Jong (ECM) and further supported by associates Suzanne Walstra (Tax), Lotte Kuhn, Monisha Sardjoe and Jan Herfkens (Corporate/M&A). Debevoise & Plimpton LLP acted as US counsel for InterXion. Latham & Watkins LLP and De Brauw Blackstone Westbroek acted as legal advisors to Digital Realty.
About Greenberg Traurig’s Corporate Practice
Greenberg Traurig’s Corporate Practice comprises more than 450 lawyers in the United States, Europe, Asia, the Middle East and Latin America who regularly advise public and privately held companies, entrepreneurs and investment funds on global mergers and acquisitions, corporate restructurings, private equity and venture capital, underwritten and syndicated offerings, commercial finance and syndicated lending, cross-border transactions, and general corporate matters.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP has more than 2,100 attorneys in 41 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm has been recognized for its philanthropic giving, diversity, and innovation, and is consistently among the largest firms in the U.S. on the Law360 400 and among the Top 20 on the Am Law Global 100. Web: www.gtlaw.com Twitter: @GT_Law.