PE Firms To Exit Switch & Data Via Equinix Sale
Equinix Inc. (Nasdaq: EQIX) has agreed to acquire Switch & Data Facilities Co. (Nasdaq: SDXC) for approximately $689 million in cash and stock. The deal is expected to close in Q1 2010. Switch & Data had raised private equity funding before going public in 2007, and PE backers CapStreet Group and Seaport Capital still hold minority stakes.
30 October 2009•5 mins read
