KKR and GIP to buy data center operator CyrusOne for $11.49 bn

KKR & Co and Global Infrastructure Partners (GIP) will buy U.S. data center operator CyrusOne for $11.49 billion in cash.
CyrusOne data center
KKR and GIP will pay $90.50 for each CyrusOne share as per the deal, representing a 5.9 percent premium to the company’s last closing price.

The buyout values the Dallas-based company, which has more than 50 data centers globally, at about $15 billion including debt.

In a similar move, American Tower agreed to buy CyrusOne’s rival CoreSite Realty for $7.5 billion.

In June, Blackstone Funds agreed to purchase QTS Realty Trust for $10 billion to gain access to the company’s more than 7 million square feet of data center space throughout North America and Europe.

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