InfraCompute / Investments
Blackstone takes QTS private
M&A · QTS Realty Trust · US$10bn, 31 August 2021.
Key terms
- Company
- QTS Realty Trust
- Date
- 31 August 2021
- Type
- M&A
- Value
- US$10bn
- Status
- Completed
- Region
- US and Europe
What happened
Blackstone funds completed the all-cash take-private of QTS Realty Trust, then owner of more than 7 million sq ft of data centre space in North America and Europe.
Recorded terms
- Price per share
- US$78.00 cash
- Value basis
- About US$10bn including debt; US$78.00 per share in cash
- 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 7 June 2021.
- Consideration
- US$78.00 cash per share
- Target termination fee
- US$220m; US$128m for a deal with an excluded party from the go-shop
- Buyer termination fee
- US$805m
- Outside date
- 7 December 2021
- Go-shop
- To 17 July 2021
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
- Blackstone: Blackstone funds complete acquisition of QTS Realty TrustSource date: 31 August 2021
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.
