Pre-Labor-Day Datacenter Roundup: Peak 10, Equinix, Dupont Fabros

September 3rd, 2010 by · Leave a Comment

There have been several items this week in the datacenter sector that I didn’t manage to write a full article about.  Let’s take a quick look at some of them.

Private equity firm Welsh Carson took control of datacenter provider Peak 10, partnering with the company’s management to buy out Seaport Capital and McCarthy Capital.  Peak 10 builds datacenters in tier 2 markets mostly in the southeast – places like Jacksonville and Charlotte – and has grown rapidly over the last few years both organically and inorganically.  Welsh Carson, of course, has owned a big chunk of Savvis since the bubble days, and has various other experience with such assets.  As a team, the two could be formidable and are worth keeping an eye on.  Who knows, they might even go public sometime.

Equinix (NASDAQ:EQIX, news, filings) is expanding in yet another market, this time in Japan.  The datacenter giant will invest $9M to expand its Tokyo TY2 facility by 140 cabinets, bring the facility to 1,600 cabinet equivalents in all.  Nothing huge compared to the big new projects elsewhere, but then this is Japan where space is never cheap.  I’m going to have to scan Equinix’s footprint to see in which markets they *aren’t* adding space, it’d be easier to keep up with that way. 

And Dupont Fabros Technology (NYSE:DFT, news, filings) made a financial move, utilizing the accordion feature under its unsecured revolving credit facility to increase the current borrowing amount from $85 million to $100 million.  That extra $15M maxes out the accordian feature under its current terms, but Dupont Fabros has yet to actually take out any money under the credit facility.  This follows the $304M they raised in the second quarter from a stock sale.  All that cash is going toward the completion of their Santa Clara SC-1 construction project.

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Categories: Datacenter

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