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.”
To contact the correspondent on this story: Rick Mitchell in Paris at email@example.com
To contact the editor on this story: Chris Opfer in New York at firstname.lastname@example.org; John Hughes in Washington at email@example.com