Dave Ferdman, co-founder, president and CEO of CyrusOne, said in a statement published Friday the deal’s completion marks a new chapter for CyrusOne as the company continues its global expansion efforts with the expertise and resources that GIP and KKR offer.
“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,” added Ferdman.
CyrusOne operates more than 50 data centers worldwide. The company supports multicloud and hybrid cloud deployments and offers mission-critical facilities to facilitate the continued operation of IT infrastructure in support of about 1,000 customers.
The all-cash transaction includes the assumption of debt. CyrusOne has informed the Nasdaq stock exchange of its intent to delist its common stock and 1.450 percent senior notes due 2027.
Morgan Stanley & Co. and DH Capital served as financial advisers to CyrusOne. Cravath, Swaine & Moore, Venable and Eversheds Sutherland (International) advised CyrusOne on the deal’s legal aspect.
Goldman Sachs & Co., Barclays, Wells Fargo Securities, J.P. Morgan and Citigroup were financial advisers to KKR and GIP. Kirkland & Ellis and Dentons (UK & Europe) served as legal advisers to KKR, while Paul, Weiss, Rifkind, Wharton & Garrison acted as GIP’s legal counsel.
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