August 2011

RCBG Leads Due Diligence on Telx Sale

CHICAGO, IL – RCBG, a strategy and advisory firm specialized in TMT [telecom, media, technology], announced the completion of the acquisition of the Telx Group, a leading provider of colocation and interconnect services, by Abry Partners and Berkshire Partners.

Terms of the transaction were not disclosed.

RCBG provided due diligence services for Highbridge Capital Management LLC, the private equity unit of J.P. Morgan, which provided credit facilities and other transaction services.  Data center economics, technologies, and market dynamics have been a focus area for RCBG as business and consumer needs shift to cloud-based resources.

“The cloud is very much a terrestrial operation,” said William Markey, president of RCBG.  “Sophisticated storage, computing, and transit assets come together in a physical space, which has its own unique energy, location, and connectivity requirements.  Making the complex accessible and quantifiable is an important part of RCBG’s value to equity investors and their partners”, added Markey, “and no more so than in cloud platforms and the Internet of Things”.

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