Cleary Gottlieb is representing Citigroup Global Markets Inc. as financial advisor to Equinix Inc. in its proposed acquisition of IX Europe plc under a “UK scheme of arrangement,” a type of UK merger process. The deal is worth approximately £241 million ($482 million), or about 125p per share.
Equinix is the leading global provider of network-neutral data centers and internet exchange services for enterprises, content companies, systems integrators and network services providers. IX Europe is a leading provider of co-location centers in Europe.