Our M&A lawyers are among the most experienced and effective in the world. We represent many of the world's largest publicly traded and privately held companies, as well as leading private equity firms on their most important mergers, acquisitions and takeover transactions.
TierPoint to Acquire Xand
- Client News
- October 24, 2014
Practices
TierPoint announced it has reached a definitive agreement with an affiliate of ABRY Partners to acquire Xand, a provider of colocation, cloud, disaster recovery and managed services in the Northeast United States The acquisition is being funded, in part, through an equity investment by Paul, Weiss client Ontario Teachers' Pension Plan, Canada's largest single-profession pension plan with more than $140 billion in net assets. The acquisition of Xand, which owns six data centers in New York, Pennsylvania, Connecticut and Massachusetts, further solidifies St. Louis-based TierPoint's position as a leading provider of colocation and cloud services in the United States. Financial terms of the transaction, expected to close in November, were not disclosed.
The Paul, Weiss team included, among others, corporate partners Matthew Abbott and Adam Givertz and counsel Menachem Kaplan; and tax partner Scott Sontag.