INTERXION
Elsewhere in the technology sector, people familiar with the matter said New York-based Baker Capital, which specialises in communications industry investing, has hired Morgan Stanley to explore a sale of Interxion, the Amsterdam-based data-centre operator.
The potential sale comes on top of preparations for a U.S. IPO: Interxion filed a draft registration with the Securities and Exchange Commission (SEC) in May.
Interxion's listed peers include Britain's Telecity Group Plc and Equinix Inc of the U.S. It could entice trade rivals and private equity bidders such as Advent International, Apax and Bridgepoint Capital , these people said.
However, some of the people cautioned Baker sought a high price -- equivalent to more than 10 times the business's EBITDA -- which could deter bidders. That could spell a price tag of roughly 780 million euros or more, based on Interxion's second-quarter adjusted EBITDA of 19.6 million euros (16.4 million pounds).
Interxion declined to comment. Baker Capital founder John Baker did not respond to a request for comment.
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