M&A Deal Summary

CyrusOne Acquires Zenium Data Centers

On December 21, 2017, CyrusOne acquired real estate company Zenium Data Centers from Soros Fund Management for 442M USD

Acquisition Highlights
  • This is CyrusOne’s 1st transaction in the Real Estate sector.
  • This is CyrusOne’s 3rd largest (disclosed) transaction.
  • This is CyrusOne’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-12-21
Target Zenium Data Centers
Sector Real Estate
Buyer(s) CyrusOne
Sellers(s) Soros Fund Management
Deal Type Add-on Acquisition
Deal Value 442M USD
Advisor(s) RBC Capital Markets (Financial)
Paul, Weiss, Rifkind, Wharton & Garrison
Charles Russell Speechlys (Legal)

Target

Zenium Data Centers

London, United Kingdom
website
Zenium Data Centers is a hyperscale data center provider in Europe with four properties in London and Frankfurt, the continent’s two largest data center markets.

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Buyer(S) 1

Buyer

CyrusOne

Dallas, Texas, United States

website


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 5 of 5
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 2 of 2
Year (2017) 3 of 3
Size (of disclosed) 3 of 5
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 CyrusOne - Four Data Centers

Dallas, Texas, United States

The four Houston facilities include the data center located 4201 Southwest Freeway, currently known as the CyrusOne Galleria data center, as well as three others known as West I, West II, and West III, which are all located on the Westway Park Blvd Campus 20 minutes west of Downtown Houston.

Sell $670M

Seller(S) 1

DESCRIPTION

Soros Fund Management is the family office for George Soros. The Firm invests in a wide range of securities including public equity and fixed income, as well as foreign exchange, commodities and direct investments. Soros Fund Management was formed in 1970 and is headquartered in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-24 Violin Memory

Santa Clara, California, United States

Violin Memory has developed a new class of flash-based storage solutions that are designed to bring storage performance in-line with applications, servers and networks. The Flash Storage Platform, powered by Concerto OS, a fully integrated storage operating system, is the industry leader in the combination of every significant category measured in all flash arrays: low latency, affordability, density, scalability and performance. With tightly integrated data services, the Violin Flash Storage Platform provides a unique combination of data protection, business continuity, and data reduction services onto a flexible, uniquely scalable solution called Scale Smart, delivering significant CAPEX and OPEX savings. Violin Memory was founded in 2005 and is headquartered in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 Behalf

New York, New York, United States

Behalf is an alternative financing provider for American small and medium-sized businesses. Behalf was formed in 2011 and is based in New York City.

Buy -