Data centre operator CyrusOne has announced its acquisition by investors KKR and Global Infrastructure Partners (GIP) for USD 90.50 per share in an all-cash transaction valued at USD 15 billion including debt. As a privately held company wholly owned by KKR and GIP, CyrusOne shares will be delisted at completion.
The purchase price reflects a premium of 25 percent to CyrusOne’s closing share price on 27 September, the last full trading day before reports started circulating about the possible sale of the company.
The deal has been approved by the board of directors at CyrusOne. It is not subject to any financing condition and should close in the second quarter of next year. It still requires regulatory approvals and the approval of CyrusOne shareholders.
