(Businesshala) – US data center operator CyrusOne Inc said on Monday it would be bought by KKR & Co Inc and Global Infrastructure Partners (GIP) in a deal worth about $15 billion, including debt.
The buyout is the latest deal in the data-center space, with Blackstone buying QTS Realty Trust Inc. for $10 billion in June.
KKR and GIP will pay $90.50 in cash for each Cyrusavan share, which represents a 5.9% premium over the company’s closing price on Friday.
Businesshala reported in September that Dallas-based CyrusOne was working with investment bank Morgan Stanley to explore strategic options, including a potential sale.
Cyrusavan said the deal is expected to be completed in the second quarter of 2022.