CyrusOne: KKR & GIC Make History By Closing CyrusOne's Acquisition for $15bn

Apr 04, 2022 | Posted by Abdul-Rahman Oladimeji

KKR & Global Infrastructure Partners have announced that they have completed and closed the acquisition of CyrusOne. The acquisition sees the public company become private. The acquisition fee is $15 billion, making it the largest Merger and Acquisition deal in the data center industry history. Partner at GIP, Will Brilliant, and Partner at KKR, Waldemar Szlekak, said the companies are happy to partner up to build on CyrusOne’s excellent market leadership while also supporting its customers' increasing data center infrastructure needs. They said the companies see an amazing opportunity to continue expanding CyrusOne’s business across major digital markets across the globe.

KKR’s investment in the acquisition comes majorly from its global infrastructure and real estate equity strategies, while GIP’s investment is primarily from its global infrastructure funds. The co-founder and interim CEO and President of CyrusOne, Dave Ferdman, expressed his excitement about the deal. He said the team had developed one of the leading data center firms globally, with a presence in major US and international markets. DH Capital and Morgan Stanley & Co. were CyrusOne’s financial advisors. Venable LLP, Swaine & Moore LLP, Eversheds Sutherland (International) LLP, and Cravath acted as its legal counsel.