Trowers advises on sale of 4D Data Centres
Top 40 law firm Trowers & Hamlins has advised four individual sellers on the sale of their shares in 4D Data Centres Limited to UK managed services provider Redcentric in a deal worth £11,000,000.
4D Data Centres is a UK based infrastructure management provider that has award-winning IT infrastructure and services including colocation, cloud, ultra-fast connectivity and cyber security.
4D operates a 6,500 sq ft (603 sqm), 1MW data center in Byfleet, Surrey that opened in 2008, as well as a 10,000 sq ft (929 sqm), 3MW facility in Crawley, West Sussex it acquired from BT in 2016. The company also leases space in a Telehouse facility in London and a Custodian facility in Maidstone, Kent.
Trowers advised the four sellers on the terms of the share purchase agreement as well as the ancillary documents while project managing the transaction.
Partner Nick Harrisingh, commented:
"We are pleased to have worked alongside the four individual sellers on the sale of their shares in 4D Data Centres and to have provided them with a satisfactory outcome."
David Barker, Founder and Chief Technology Officer of 4D Data Centres, added:
"Working with Nick and his team at Trowers made for a very smooth process, the breadth and quality of advice from Trowers was excellent."