CyrusOne CEO Dave Ferdman says the company will look to accelerate growth under its new owners, investment firms KKR and GIP. Going private will allow CyrusOne to invest for the long term, and seek “strategic scale” in large markets to provide runway for customer growth.
Data center developer CyrusOne is now a private company after completing its $15 billion sale to investment firms KKR and Global Infrastructure Partners. Here’s a look at what the deal means for CyrusOne and the data center industry.
Investment giants KKR and Global Infrastructure Partners will acquire data center developer CyrusOne for $15 billion, taking the company private in the largest M&A deal in the history of the data center sector.
KKR is the latest marquee investing firm to enter the data center industry, forming Global Technical Realty (GTR) to develop more than $2.5 billion in data centers across Europe in the coming years.