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Data Center REIT CyrusOne to be Taken Private by KKR, GIP Partnership
In the second entity-level data center deal this week, Dallas-based REIT CyrusOne Inc. said it had agreed to be taken private by a partnership of KKR and Global Infrastructure Partners. Valued at approximately $15 billion, the buyout includes the assumption of debt.
“This transaction is a testament to the tremendous work by the entire CyrusOne team,” said Dave Ferdman, CyrusOne’s interim president and CEO. “We have built one of the world’s leading data center companies with a presence across key U.S. and international markets.”
In a statement, KKR’s Waldemar Szlezak and GIP’s Will Brilliant, said, “We see numerous opportunities ahead to continue expanding CyrusOne’s footprint across key global digital gateway markets and look forward to leveraging our global resources, access to long term capital and deep expertise to support the company’s growth.”
Expected to close in the second quarter of 2022, the acquisition follows American Tower’s $10.1-billion deal for CoreSite.
- ◦Sale/Acquisition
