M&A Deal Summary

ABRY Partners and Triangle Capital Acquire CyrusOne

On July 11, 2007, private equity firms ABRY Partners and Triangle Capital acquired information technology company CyrusOne

Acquisition Highlights
  • This is ABRY Partners’ 5th and Triangle Capital’s 1st transaction in the Information Technology sector.
  • This is ABRY Partners’ 40th and Triangle Capital’s 17th transaction in the United States.
  • This is ABRY Partners’ 5th and Triangle Capital’s 3rd transaction in Texas.
Investment Fate
  • CyrusOne was sold to a publicly-traded strategic buyer in 2010 for 525M USD.
  • CyrusOne went public in 2013.
  • CyrusOne was sold to a consortium of financial buyers in 2021 for 15.0B USD.

M&A Deal Summary

Date 2007-07-11
Target CyrusOne
Sector Information Technology
Buyer(s) ABRY Partners
Triangle Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Signal Hill Capital (Financial)

Target

CyrusOne

Dallas, Texas, United States
CyrusOne is a global REIT specializing in design, construction, and operation of more than 50 high-performance data centers worldwide. TCyrusOne was founded in 2001 and is based in Dallas, Texas.

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Buyer(S) 2

Buyer

ABRY Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 12.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

ABRY Partners is a media and communications focused private equity investment firm. Specific areas of interest include television, publishing, convention/trade shows, for-profit training, couponing, monitoring services, telephone companies, communications towers, music libraries, database providers, wireless communications, and in-store advertisers. ABRY can provide both equity and mezzanine capital, typically committing $20 to $200 million of equity or $15 to $50 million of mezzanine capital per transaction. Prospective transaction situations include buyouts, expansion financings, platform acquisitions, consolidations, and recapitalizations. ABRY Partners was formed in 1989 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 43 of 175
Sector: Information Technology M&A 5 of 38
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 43
State: Texas M&A 5 of 18
Country: United States M&A 40 of 145
Year: 2007 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-10 QuoVadis

Hamilton, Bermuda

QuoVadis is an international provider of online identity certification services. QuoVadis’ outsourced services allow customers to meet their obligations for data integrity and privacy. QuoVadis provides digital certificate and smartcard solutions to secure access for computer networks and applications, to encrypt data and transactions, and to authenticate people, devices and documents. The company is a Qualified Certification Services Provider (CSP) in Switzerland and Bermuda, and was one of the first providers worldwide authorized to issue “Extended Validation” SSL certificates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-18 Loewy Group

London, United Kingdom

A leading market research and branding company that designs, develops and implements integrated marketing, branding and communications/public relations campaigns across a range of media.

Buy -
Buyer

Triangle Capital

Raleigh, North Carolina, United States

Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 17 of 114
Sector: Information Technology M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 40
State: Texas M&A 3 of 8
Country: United States M&A 17 of 112
Year: 2007 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Luminance Lighting

Commerce, California, United States

Luminance Lighting is a provider of lighting fixtures and products to the residential, commercial, and hospitality markets. Luminance Lighting is a designer of lighting parts, hardware, fixtures, ceiling fans, and plumbing parts. Luminance Lighting was formed in 1951 and is based in Commerce, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-03 DataPath

Duluth, Georgia, United States

DataPath is a designer, integrates, manages and deploys satellite communication systems for military and commercial customers. Solutions include multi-band SATCOM terminals, network control software to manage and control communication networks, and global field support services. DataPath was established in 1982 and is based in Duluth, Georgia.

Sell -