KKR and Global Infrastructure Partners to acquire data center REIT in $15b deal

KKR and Global Infrastructure Partners (GIP) have plans to acquire CyrusOne, a global data center REIT, in an all-cash transaction valued at about $15 billion, including the assumption of debt.

“KKR and GIP will provide substantial additional resources and expertise to accelerate our global expansion and help us deliver the timely and reliable solutions at scale that our customers value,” said Dave Ferdman, co-founder and interim president and CEO of CyrusOne.

Waldemar Szlezak, managing director at KKR, and Will Brilliant, partner at GIP, added, “We see numerous opportunities ahead to continue expanding CyrusOne’s footprint across key global digital gateway markets and look forward to leveraging our global resources, access to long-term capital and deep expertise to support the company’s growth.”

Upon completion of the transaction, CyrusOne will be a privately held company wholly owned by KKR and GIP.