Equinix’s Acquisition of MainOne

In UK Slaughter and May, advised on the matter.

Slaughter and May advised Equinix with a team including Philippe Chappatte (Competition Law), James Cook (Corporate M&A), Richard Smith (Picture – Corporate M&A), Phil Linnard (Employment), Rob Sumroy (IP&IT), John Nevin (Real Estate), Mike Lane (Tax M&A and Deal Advisory).

Equinix on its expansion into Africa through its intended acquisition of MainOne. MainOne is a leading West African data centre and connectivity solutions provider, with presence in Nigeria, Ghana and Côte d’Ivoire. The acquisition is expected to close in Q1 of 2022, subject to the satisfaction of customary closing conditions including the requisite regulatory approvals.

The transaction has an enterprise value of US $320M and marks the first step in Equinix’s long-term strategy to become a leading African carrier neutral digital infrastructure company. When completed, this acquisition will extend Platform Equinix into West Africa, giving organisations based inside and outside of Africa access to one of the world’s fastest growing markets.

Slaughter and May supported the Equinix legal team, including Peter Waters (Senior Vice President, Legal), Andrew Sterneberg (Senior Director, Legal, Corporate & Tax), Aafke Landsmeer (Senior Legal Counsel) and Paola Kieftenburg (Legal Counsel). Slaughter and May’s team included Richard Smith (Picture), Partner, James Cook, Partner, Hemita Sumanasuriya, Associate, Olivia Hosker, Associate, Phoebe McGibbon, Associate, Alice Eccles, Trainee, Jardelle Johnson, Trainee, Niamh Kelly, Trainee, Mike Lane, Partner, Stephanie Mullins, Associate, Amy Motherwell, Associate, Phil Linnard, Partner, Richard Surtees, Associate, Simon Clark, Associate, William Brown, Associate, Philippe Chappatte, Partner, Shweta Vasani, Associate, Rosalind Paulson, Associate, John Nevin, Partner, Richard Keczkes, Senior Counsel, Lee Foxcroft, Associate, Rob Sumroy, Partner and Ioanna Antcheva, Associate.

Involved fees earner: Ioanna Antcheva – Slaughter and May; William Brown – Slaughter and May; Philippe Chappatte – Slaughter and May; Simon Clark – Slaughter and May; James Cook – Slaughter and May; Lee Foxcroft – Slaughter and May; Olivia Hosker – Slaughter and May; Richard Keczkes – Slaughter and May; Mike Lane – Slaughter and May; Phil Linnard – Slaughter and May; Phoebe McGibbon – Slaughter and May; Amy Motherwell – Slaughter and May; Stephanie Mullins – Slaughter and May; John Nevin – Slaughter and May; Rosalind Paulson – Slaughter and May; Richard Smith – Slaughter and May; Hemita Sumanasuriya – Slaughter and May; Rob Sumroy – Slaughter and May; Richard Surtees – Slaughter and May; Shweta Vasani – Slaughter and May;

Law Firms: Slaughter and May;

Clients: Equinix;

Author: Giulia Di Palma