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Home > Data Center > KKR and GIP complete CyrusOne acquisition

KKR and GIP complete CyrusOne acquisition

CyrusOne announced that KKR and GIP have completed the acquisition of CyrusOne for approximately $15 billion.


Erdem Yasar Erdem Yasar
March 29, 2022
1 min read
KKR and GIP complete CyrusOne acquisition

CyrusOne announced the completion of its acquisition by funds managed by KKR, a global investment firm, and Global Infrastructure Partners, infrastructure investors, in an all-cash transaction valued at approximately $15 billion, including the assumption of debt. The company also stated that trading of CyrusOne shares of common stock is suspended on NASDAQ. CyrusOne’s common stock will be delisted from NASDAQ.

Biggest data center acquisition

During the transaction, Morgan Stanley & Co. LLC and DH Capital, LLC acted as financial advisors to CyrusOne. Cravath, Swaine & Moore LLP, Venable LLP, and Eversheds Sutherland (International) LLP acted as the company’s legal counsel.

Dave Ferdman, Co-Founder and President and Chief Executive Officer of CyrusOne
Dave Ferdman, Co-Founder and President and Chief Executive Officer of CyrusOne

Goldman Sachs & Co., Barclays, Wells Fargo Securities, LLC, Citigroup and J.P. Morgan acted as financial advisors to KKR and GIP, with KKR Capital Markets leading the structuring on the financing. Kirkland & Ellis LLP and Dentons (UK & Europe) acted as legal counsel to the acquiring consortium and KKR, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to GIP. Dave Ferdman, Co-Founder and President and Chief Executive Officer of CyrusOne said,

« Closing this transaction begins an exciting new chapter for CyrusOne as we continue our global expansion with the benefit of significant resources and expertise that KKR and GIP are able to provide to the Company and its customers. We are very well positioned to capitalize on the acceleration in growth opportunities driven by strong underlying secular demand trends and create substantial value for all of our stakeholders. »

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Tags: CyrusOne
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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