M&A Deal Summary

CyrusOne Acquires Sentinel Data Centers

On February 7, 2017, CyrusOne acquired information technology company Sentinel Data Centers from Kelso for 490M USD

Acquisition Highlights
  • This is CyrusOne’s 3rd transaction in the Information Technology sector.
  • This is CyrusOne’s largest (disclosed) transaction.
  • This is CyrusOne’s 3rd transaction in the United States.
  • This is CyrusOne’s 1st transaction in New York.

M&A Deal Summary

Date 2017-02-07
Target Sentinel Data Centers
Sector Information Technology
Buyer(s) CyrusOne
Sellers(s) Kelso
Deal Type Add-on Acquisition
Deal Value 490M USD

Target

Sentinel Data Centers

New York, New York, United States
Sentinel Data Centers, LLC develops and operates highly fault tolerant data centers for internal data processing and disaster recovery purposes.

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Buyer(S) 1

Buyer

CyrusOne

Dallas, Texas, United States

Category Company
Founded 2001
Sector Information Technology
Employees441
Revenue 1.0B USD (2020)
DESCRIPTION

CyrusOne is a premier global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. The Company provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies. CyrusOne was founded in 2001 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 5
Sector (Information Technology) 3 of 4
Type (Add-on Acquisition) 2 of 4
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 CME Group - Suburban Data Center

Chicago, Illinois, United States

CME Group - Suburban Data Center is a provider of data center facilities.

Buy $130M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Zenium Technology Partners

London, United Kingdom

Zenium Technology Partners Ltd. is a hyperscale data center provider in Europe with four properties in London and Frankfurt, the continent’s two largest data center market. Zenium Data Centers deliver state-of-the-art, purpose-built, secure, efficient and resilient data center solutions for businesses in established and emerging markets.

Buy $442M

Seller(S) 1

SELLER

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 31 of 53
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 14 of 24
State (New York) 4 of 6
Country (United States) 26 of 46
Year (2017) 1 of 1
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 Premia

Hamilton, Bermuda

Premia is a reinsurance group with operations in Bermuda, the U.S., and Europe that is focused on sourcing, structuring, and servicing run-off businesses. Premia was founded in 2017 and is based in Hamilton, Bermuda.

Buy $510M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-02 Harbor Community Bank

Indiantown, Florida, United States

Harbor Community Bank is a bank holding company that was established by veteran Florida bankers to build a strong community banking franchise along the east coast of Florida. Harbor Community Bank was founded in 2010 and is based in Indiantown, Florida.

Sell -