Bank Street Advises Interconnection Services Company in Buyout
Bank Street announced the acquisition of ancotel GmbH by Equinix, Inc. Bank Street served as the exclusive financial advisor to ancotel in connection with this transaction. ancotel GmbH is one of Europe’s leading network neutral interconnection companies headquartered in Frankfurt, Germany. ancotel provides scalable interconnection services and secure, reliable colocation services in its densely connected Kleyer 90 flagship facility.
With the acquisition of ancotel, which is expected to close in Q3 2012, Equinix gains one data center in Frankfurt with 2,100 square meters of data center capacity and increases its European network density by adding more than 400 network providers with 6,000 cross connects.
Udo Mueller, co-founder and managing director of ancotel, commented “The Bank Street team possessed strong industry expertise in the data center sector and a knowledge of the strategic landscape that enabled them to run a very competitive and effective process on behalf of ancotel. We are very pleased with the results.”
KJ Orth, co-founder and managing director of ancotel, continued, “Bank Street coupled industry expertise with strong execution capabilities, and with excellent cross-border M&A experience. The Bank Street team had the knowledge of international business cultures, and international language capabilities that were indispensable in a complex cross-border strategic transaction.”