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New Deal


Announced

Completed

Equinix completed the acquisition of MainOne for $320m.

Financials

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Transaction Value£241m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA14x
Share Price Premium-
One Off Charge-

Tags

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Data Centers and Hosting

Private

Acquisition

Friendly

Majority

data center solutions

Cross Border

Single Bidder

Nigeria

Completed

Synopsis

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Equinix, a digital infrastructure company, completed the acquisition of MainOne, a West African data center and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d'Ivoire, for $320m. "The acquisition of MainOne will represent a critical point of entry for Platform Equinix into the expansive and rapidly growing African market. MainOne's leading interconnection position and experienced management team represent critical assets in our aspirations to be the leading neutral provider of digital infrastructure in Africa. Growth of data consumption in Africa is amongst the fastest in the world, and our customers are looking for a trusted partner to pursue the opportunities presented by broad mobile adoption and greater connectivity across the region. MainOne's infrastructure, customer relationships, partner ecosystem and operating capability will extend the reach of Platform Equinix and bolster opportunities for customers in Africa and throughout the world," Charles Meyers, Equinix President and CEO.

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