DuPont Fabros Technology to Merge with Digital Realty


Fried Frank acted as counsel to Goldman Sachs, as financial advisor to DuPont Fabros Technology in its definitive agreement to merge with Digital Realty in an all-stock transaction. Under the terms of the agreement, DuPont Fabros shareholders will receive a fixed exchange ratio of 0.545 Digital Realty shares per DuPont Fabros share, for a transaction valued at approximately US$7.6 billion in enterprise value. This transaction significantly enhances Digital Realty's ability to support the growth of hyper-scale users in the top U.S. data center metro areas, while providing meaningful customer and geographic diversification for DuPont Fabros. DuPont Fabros Technology  is a leading owner, developer, operator and manager of enterprise-class, carrier-neutral, large multi-tenant data centers. Digital Realty supports the data center, colocation and interconnection strategies of more than 2,300 firms across its secure, network-rich portfolio of data centers located throughout North America, Europe, Asia and Australia. 

The Fried Frank team was led by corporate partner Philip Richter and included corporate associate Jose Morales.