Interxion Raises $190M for Data Center Growth
September 12th, 2008 By: Rich Miller
European data center provider Interxion said this week that it has obtained financing of 135 million Euros ($190 million in US dollars) to fund the build-out of its data center network. Interxion, which is based in the Netherlands, operates 23 carrier-neutral data centres located in 13 cities across 11 European countries.
“The new credit facility is a vote of confidence in the past performance and future prospects of Interxion and will allow us to meet growing customer demands in all of our markets,” said Josh Joshi, Interxion CFO. The revolving credit facility was arranged by Fortis Bank with participation by Coöperatieve Rabobank Regio Schiphol and ING Bank.
Late last year there were reports that Interxion was contempating a public offering that could raise more than 300 million pounds ($590 million). The seopculation followed the acquisition of IXEurope by Equinix for $555 million and an IPO by Telecity that raised about $850 million.
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 2007 Interxion appointed David Ruberg, a partner at Baker Capital, as its new CEO. Ruberg headed Intermedia and Digex before joining Baker Capital.