DALLAS, TX – Funds managed by global investment firm KKR and infrastructure investor Global Infrastructure Partners have acquired the global REIT CyrusOne Inc. in an all-cash transaction valued at $15 billion. The purchase price includes the assumption of debt.
CyrusOne has additionally suspended the trading of its shares of common stock on the NASDAQ Global Select Market, effective today, and it has requested that its common stock be delisted from Nasdaq.
"Closing this transaction begins an exciting new chapter for CyrusOne as we continue our global expansion with the benefit of significant resources and expertise that KKR and GIP are able to provide to the company and its customers," says Dave Ferdman, CyrusOne co-founder, president and CEO. "We are very well positioned to capitalize on the acceleration in growth opportunities driven by strong underlying secular demand trends and create substantial value for all of our stakeholders."
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
