Equinix, Inc., provider of global data center services, reported yesterday that it has reached a definitive agreement to acquire Switch & Data Facilities Company, Inc. (NASDAQ: SDXC), a leading provider of data center and Internet exchange services, for approximately $689 million in cash and stock. The acquisition represents a significant market expansion for Equinix and will expand the company’s market presence by adding 16 new markets across North America, including additional 34 data centers in 22 markets in the U.S. and Canada.

The combination of the two companies will further strengthen Equinix’s position in the global data center services market by extending the company’s presence to 16 new markets across North America. Equinix will integrate Switch and Data’s data center business and operations in the U.S. and Canada. It will also increase the Global presence of Equinix leaving the new combined entity with 79 data centers in 34 markets and more

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Axial Vector Energy Corp., a leader in energy conversion efficiency, is fortunate in that it is run by one of the most seasoned international management and advisory teams, with over a century of combined experience. This is critical in starting and growing a company, obtaining the required capital, locking in the rights to key products and technologies, and ensuring that your message gets out to the public on a worldwide basis.

• Samuel Higgins, Axial Chairman, has been involved in raising and investing capital globally for over 30 years, with extensive experience in the energy industry, as well as in real estate and technology. His global contacts include his role as Managing Director of a family office in Latin America that advises high net worth individuals. He also has strong connections in the Middle East, and is partner in Emirates International Capital Advisory

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American International Group Inc. (AIG) has reached an agreement to sell a part of its investment advisory and asset management business to Bridge Partners, L.P. for about $500 million. Bridge Partners, LP is owned by Hong Kong-based private-equity firm Pacific Century Group. The $500 million purchase price includes a cash payment of about $300 million at closing, plus future payments consisting of a performance note and a continuing share of carried interest. The units being sold operate in 32 countries and manage about $88.7 billion of investment of institutional and retail clients. However, AIG will retain its in-house investment operation that manages approximately $480 billion of assets. Win J. Neuger will carry on as Chief Executive Officer of the new business. The existing management team will also remain in place. AIG’s financial advisor was UBS Investment Bank of UBS AG (UBS) while for Pacific ...