Zayo: Zayo Completes Transition to a Private Company

Zayo is now a private company, owned by a joint venture of Digital Colony and EQT after completion of a $14.3 billion purchase, 10 months after it was announced.

Digital Colony said the deal was the largest syndicated private equity investment, the fifth largest media and communications leveraged buy-out (LBO) and the second largest LBO overall since 2008.

Founded in 2007, Zayo has grown through both organic investment and 45 acquisitions to become the leading independent provider of communications infrastructure. With deep, dense metro and long haul networks across the U.S., Canada and Western Europe, Zayo serves many of the largest and most innovative companies in the world. Before going public in 2014, Zayo’s original private equity investors funded the company with just over $1 billion of equity; with today’s transaction close, that equity is worth over $8 billion, creating material value for shareholders.