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New Deal


Announced

Completed

DigitalBridge and IFM Investors completed the acquisition of Switch for $11bn.

Financials

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Transaction Value£8,928m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales17.6x
EV/EBITDA101.94x
Share Price Premium-
One Off Charge-

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United States

data center facilities

Data Centers and Hosting

Acquisition

SUPERNAP data centers

Private Equity

Majority

Public

Domestic

Privatisation

Single Bidder

Completed

Synopsis

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DigitalBridge, a global digital infrastructure investment firm, and IFM Investors, a provider of investment services, completed the acquisition of Switch, a company based in Las Vegas, Nevada, that develops and operates the SUPERNAP data center facilities and provides colocation, telecommunications, cloud services, and content ecosystems, for $11bn. "Today's announcement is an important step towards our long-term vision for the growth and evolution of our company. Through this partnership we will be ideally positioned to continue to meet strong customer demand for Switch's environmentally sustainable Tier 5 data center infrastructure," Rob Roy, Switch Founder and CEO.

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