Cyxtera Technologies will become a public company through a merger with a SPAC sponsored by Starboard Value. The deal, which values Cyxtera at $3.4 billion marks the first major deal by a group of SPACs targeting the data center sector.
Data Center M&A On the Horizon as New SPACs Go Shopping
More data center mergers and acquisitions (M&A) appear likely amid reports of two new special purpose acquisition corporations (SPACs) featuring teams of data center executives. Meanwhile, the industry’s busiest consolidator is raising a huge new round of capital.