M&A Deal Summary

BC Partners and Medina Ventures Acquire Cyxtera

On November 4, 2016, private equity firm BC Partners and venture capital firm Medina Ventures acquired information technology company Cyxtera from Lumen for 2.2B USD

Acquisition Highlights
  • This is BC Partners’ 6th and Medina Ventures’ 2nd transaction in the Information Technology sector.
  • This is BC Partners’ 12th and Medina Ventures’ largest (disclosed) transaction.
  • This is BC Partners’ 11th and Medina Ventures’ 7th transaction in the United States.
  • This is BC Partners’ 2nd and Medina Ventures’ 3rd transaction in Florida.
Investment Fate
  • Cyxtera was sold to a consortium of financial buyers in 2021.
  • Cyxtera was sold to a strategic buyer in 2023 for 775M USD.

M&A Deal Summary

Date 2016-11-04
Target Cyxtera
Sector Information Technology
Buyer(s) BC Partners
Medina Ventures
Sellers(s) Lumen
Deal Type Divestiture
Deal Value 2.2B USD

Target

Cyxtera

Coral Gables, Florida, United States
website
Cyxtera engages in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera was founded in 2017 and is based in Coral Gables, Florida.

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Buyer(S) 2

Buyer

BC Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1986
PE ASSETS 17.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

BC Partners is a mega private equity firm that invests in high quality businesses with leading market positions. BC does not specialize in any particular sector and makes only a select number of investments per year (3 in 2008, 2 in 2007, 3 in 2006). Sectors of interest include healthcare, directory publishing, media, industrial products, food, distribution, manufacturing, consumer services, business services, and communications. BC Partners was formed in 1986 and has offices in London, Paris, Hamburg, and New York.


DEAL STATS #
Overall 67 of 96
Sector (Information Technology) 6 of 7
Type (Divestiture) 8 of 9
State (Florida) 2 of 3
Country (United States) 11 of 18
Year (2016) 3 of 5
Size (of disclosed) 12 of 42
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Elysium Healthcare Limited

Borehamwood, United Kingdom

Elysium Healthcare Limited is a specialist healthcare provider serving patients in need of mental healthcare services.

Buy £320M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Elysium Healthcare

Borehamwood, United Kingdom

Elysium Healthcare Ltd. is a provider of specialist mental health care services through secure services, child and adolescent mental health services, rehabilitation services, acute and intensive care services and private patient services across England and Wales.

Buy -
Buyer

Medina Ventures

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor

website


Category Venture Capital Firm
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

Medina Capital is a venture capital firm focused on growth investments in companies that offer software-enabled technologies in the cybersecurity, big data analytics, and cloud computing markets. Medina Capital looks to invest $10 to $20 million per transaction and will consider majority or minority positions. Medina Capital was formed in 2012 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 2 of 2
Type (Divestiture) 1 of 1
State (Florida) 3 of 3
Country (United States) 7 of 7
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-04 Brainspace

Addison, Texas, United States

Brainspace is a developer of software for text analytics, e-discovery, digital investigations and defense intelligence. Brainspace is based in Addison, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-12 Booker Software

New York, New York, United States

Booker Software, Inc. is a provider of technology platform in service commerce, delivering an end-to-end platform for business owners to compete in the rapidly growing market for local services. Booker Software was founded in 2010 and is based in New York, New York.

Sell -

Seller(S) 1

SELLER

Lumen

Monroe, Louisiana, United States

website


Category Company
Founded 1968
Sector Communications
Employees29,000
Revenue 17.5B USD (2022)
DESCRIPTION
CenturyLink office location in downtown St. Paul, Minnesota.
CenturyLink office location in downtown St. Paul, Minnesota.

Lumen is an integrated communications company engaged in providing an array of communications services to residential, business, governmental and wholesale customers. CenturyLink's communications services include local and long-distance, network access, private line (including special access), public access, broadband, data, managed hosting (including cloud hosting), colocation, wireless and video services. In certain local and regional markets, the Company also provides local access and fiber transport services to competitive local exchange carriers (CLECs) and security monitoring. Lumen was established in 1968 and is based in Monroe, Louisiana.


DEAL STATS #
Overall 1 of 5
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 5
State (Florida) 1 of 1
Country (United States) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Level 3 Communications

Broomfield, Colorado, United States

Level 3 Communications, Inc. is a provider of local, national and global communications services to enterprise, government and carrier customers. Level 3’s portfolio of managed solutions includes fiber and infrastructure solutions, IP-based voice and data communications; wide-area Ethernet services; video and content distribution; data center and cloud-based solutions. Level 3 Communications, Inc. was originally established in 1884 and is headquartered in Broomfield, Colorado.

Buy $34.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-09 SEAL Consulting

Edison, New Jersey, United States

SEAL Consulting, Inc. is a SAP® solutions provider for enterprise-wide business and technology needs.

Buy -