CyrusOne, which designs, builds and manages data centers, will be acquired by investment firms KKR and Global Infrastructures Partners (GIP).
Under the terms of the deal, KKR and GIP will acquire the shares of CyrusOne for $ 90.50 each in cash, 25% above the price on September 27, when the first rumors of a possible transaction began. to circulate, specifies a press release.
This amounts to a buyout of $ 11.5 billion, including $ 15 billion in debt.
CyrusOne is at the head of around fifty data centers, mainly located in the United States but also in Europe and Latin America.
The company provides approximately 1,000 customers with the infrastructure to manage their dematerialized computer networks.
Founded in 2001, CyrusOne has been listed on the Nasdaq since 2013. The stock was up 4.63% to $ 89.40 around 7:35 pm GMT on Wall Street on Monday.
“KKR and GIP will provide substantial additional resources and expertise to accelerate our global expansion and help us deliver fast and reliable solutions at the scale our customers desire,” commented CyrusOne Managing Director and Co-Founder Dave Ferdman, cited in the press release.
The transaction is expected to close in the second quarter of 2022, subject to the approval of competition authorities and CyrusOne shareholders.
CoreSite for its part is a real estate investment fund that has so far invested in 25 data centers that it provides to around 1,370 clients (large companies, network managers, cloud computing service providers).
It will be bought by American Tower, which already manages a large network of mobile telephony antennas, for 170 dollars per share in cash.
That is about $ 7.5 billion in total, $ 10.1 billion including the debt.
The merger should make it possible to create a platform taking advantage of the convergence between wired and wireless networks at the time of the acceleration of the deployment of 5G, underlines a joint press release.
The action of CoreSite appreciated 3.34% to 172.15 dollars on the New York Stock Exchange.
© 2021 AFP