CyrusOne is set for a return to being a privately held company after global investment firms KKR and Global Infrastructure Partners (GIP) announced a deal to buy the data center REIT out for $15bn.
The all-cash deal will see the private equity players acquire all CyrusOne’s outstanding shares of common stock for $90.50 per share.
Launched in 2001, CyrusOne has since designed, built and operated more than 50 colocation data centers across the world. The firm also offers managed hosting for cloud and dedicated servers through Connectria.
Data center deal
The transaction, unanimously approved by the CyrusOne board, is expected to close in the second quarter of 2022.
“This transaction is a testament to the tremendous work by the entire CyrusOne team. We have built one of the world’s…
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