Digital Colony Partners and EQT Infrastructure IV fund have signed a merger agreement to acquire Zayo Group Holdings, a publicly-traded communications infrastructure company.
According to Zayo, under the terms of the agreement, shareholders will receive $35 in cash per share of Zayo’s common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations.
The offer price represents a 32 percent premium to the volume-weighted price average of the last six months of $26.44.
The transaction would result in Zayo transitioning from a public company to a private company.
“Following a comprehensive review of strategic alternatives, the Zayo board of directors concluded that the sale of Zayo to Digital Colony and EQT Infrastructure is in the best interest of Zayo and all its stakeholders,” said Yancey Spruill, lead independent director at Zayo. “The transaction delivers immediate and substantial va
