The European hosting market continues to be a hotbed for data center activity, with two major liquidity events in the second half of 2007 and another on the horizon for 2008. In October, Equinix finalized its acquisition of IXEurope for $555 million, while Telecity completed an IPO that raised 436 million pounds (about $850 million). Just before Christmas reports began to emerge that Interxion, one of the largest European data center operators, is preparing for a public offering that could raise more than 300 million pounds ($590 million).
Interxion has 22 data centers in 11 countries across Europe, and provides services for more than 1,000 companies. Interxion is majority-owned by Baker Capital, a U.S. private equity firm that has invested more than $100 million in the company since 2000. In October Interxion appointed David Ruberg, a partner at Baker Capital, as its new CEO. Ruberg headed Intermedia and Digex before joining Baker Capital.