GI Partners Sells Its Final Data Center
GI Partners has sold a Frankfurt-based data center to a subsidiary of Equinix Inc. (Nasdaq: EQIX) for $28 million. GI had acquired 25 technology buildings as part of its debut fund portfolio, for approximately $280 million. It has now exited all of them, with over $1 billion in cash proceeds (21 of them were rolled into a REIT called Digital Realty Trust).
14 September 2009•2 mins read
