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.