M&A Deal Summary

KKR and Global Infrastructure Partners Acquire CyrusOne

On November 15, 2021, private equity firm KKR and infrastructure investor Global Infrastructure Partners acquired information technology company CyrusOne for 15.0B USD

Acquisition Highlights
  • This is KKR’s 19th and Global Infrastructure Partners’ 1st transaction in the Information Technology sector.
  • This is KKR’s 5th and Global Infrastructure Partners’ largest (disclosed) transaction.
  • This is KKR’s 170th and Global Infrastructure Partners’ 3rd transaction in the United States.
  • This is KKR’s 23rd and Global Infrastructure Partners’ 1st transaction in Texas.

M&A Deal Summary

Date 2021-11-15
Target CyrusOne
Sector Information Technology
Buyer(s) KKR
Global Infrastructure Partners
Deal Type Going Private
Deal Value 15.0B USD
Advisor(s) Morgan Stanley
DH Capital (Financial)
Cravath, Swaine & Moore LLP
Eversheds LLP (Legal)

Target

CyrusOne

Dallas, Texas, United States
website
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.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 394 of 428
Sector (Information Technology) 19 of 24
Type (Going Private) 25 of 31
State (Texas) 23 of 23
Country (United States) 170 of 189
Year (2021) 35 of 40
Size (of disclosed) 5 of 94
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Beacon Pointe

Newport Beach, California, United States

Beacon Pointe is a registered investment adviser headquartered in Newport Beach, California, with office locations and clients located nationally. Clients rely on Beacon Pointe’s professional advisors to help determine investment goals, establish asset allocation guidelines, screen investment managers for selection, evaluate fund performance, and develop strategic financial plans. Beacon Pointe was founded in 2002 and is based in Newport Beach, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-25 Taylor’s Education

Subang Jaya, Malaysia

Taylor's Education is one of the largest private education groups in Malaysia with 20,000 students. It has established itself as a provider of highly regarded quality education and in the last decade has grown its operations to Singapore and Vietnam.

Buy -
Buyer
DESCRIPTION

Global Infrastructure Partners (GIP) is a private investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practice to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 13 of 16
Sector (Information Technology) 1 of 1
Type (Going Private) 2 of 2
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2021) 4 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-20 Saavi Energía

Mexico

Saavi Energía is a power producer and a stand-alone power generator. Saavi Energíain is based in Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-29 VTG

Hamburg, Germany

VTG is a full-range service, providing tank cars, intermodal wagons, standard freight wagons and sliding wall wagons. In addition to the hiring of wagons, the Group offers comprehensive multi-modal logistics services, mainly around rail transport, and global tank container transports. VTG was founded in 1951 and is based in Hamburg, Germany.

Buy -