© 2016 The Texas Lawbook.
By Natalie Posgate
(Dec. 6) – Dallas real estate counsel Martha Wach of Jones Day co-led Verizon’s agreement to sell 24 of its data center sites to California-based Equinix for $3.6 billion.
The deal, announced Tuesday, expands Equinix’s data center presence both in the U.S. and Latin America. New York-based Verizon said the deal aligns with the company’s strategy “to focus resources in areas that will help drive digital transformation for enterprise customers, while providing world-class service.”
Wach co-led the deal with Jones Day’s New York office. Other Dallas attorneys on the Jones Day deal team included real estate associates Erreka Campbell and Shane Trawick.
Citi and Guggenheim Partners provided financial advice to Verizon. Davis & Polk represented Equinix on legal matters, while Evercore Group and J.P. Morgan handled Equinix’s financial advice.
The transaction is expected to close by mid-2017.
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