Bloomberg Law
Nov. 16, 2021, 11:56 AM

Six Firms Help KKR, Global Infrastructure Take CyrusOne Private

Rick Mitchell

Cravath, Swaine & Moore, Venable, and Eversheds Sutherland are advising CyrusOne Inc., a global data center real estate investment trust, on its agreement to be acquired in a deal valued at around $15 billion, including debt.

Kirkland & Ellis and Dentons (UK & Europe) are representing the acquiring consortium and private equity firm KKR & Co., while Paul, Weiss is representing Global Infrastructure Partners, according to a statement.

The take-private deal, expected to close in 2022’s second quarter, calls for the group to pay $90.50 per share for CyrusOne.

The Dallas-based company specializes in the design, construction and operation of more than 50 data centers, including hybrid-cloud and multi-cloud deployments, the statement says.

“We see numerous opportunities ahead to continue expanding CyrusOne’s footprint,” said Waldemar Szlezak, a KKR managing director, and Will Brilliant, a GIP partner, and “look forward to leveraging our global resources, access to long term capital and deep expertise to support the company’s growth.”

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