InfraCompute / Investments
KKR and GIP take CyrusOne private
M&A · CyrusOne · US$15bn, 25 March 2022.
Key terms
- Company
- CyrusOne
- Date
- 25 March 2022
- Type
- M&A
- Value
- US$15bn
- Status
- Completed
- Region
- US and Europe
What happened
Funds managed by KKR and GIP completed the all-cash acquisition of Nasdaq-listed CyrusOne, which was then delisted.
Recorded terms
- Structure
- All-cash take-private
- Value basis
- About US$15bn including assumed debt; all cash (announced November 2021)
- Segment
- Data centres
Parties
Related
More investments
Filed agreement terms
From the Agreement and Plan of Merger (Exhibit 2.1) filed on SEC EDGAR, signed 14 November 2021.
- Consideration
- US$90.50 cash per share
- Target termination fee
- US$319.5m
- Buyer termination fee
- US$813.5m
- Outside date
- 14 May 2022, with extensions
For counsel on a deal like this
M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- CyrusOne Form 8-K Ex. 99.1: KKR and GIP complete acquisition of CyrusOneSource date: 25 March 2022
About this record
Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.
