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Abry and Berkshire exit Telx through $1.9B sale to Digital Realty

Jul 14, 2015 - The Deal Pipeline

Abry Partners and Berkshire Partners are selling data center operator Telx Group Inc. to Digital Realty Trust Inc. (DLR) for nearly $1.9 billion, the companies said Tuesday. The news comes a day after a credit ratings agency prematurely released details about the transaction.

Telx, which Abry and Berkshire acquired from GI Partners in 2011, operates 20 data centers in the U.S. The Boston PE firms tapped a $150 million dividend last year, according to Moody's Investors Service Inc. Digit...