M&A Deal Summary

Evoque Data Center Solutions Acquires Cyxtera

On November 1, 2023, Evoque Data Center Solutions acquired information technology company Cyxtera for 775M USD

Acquisition Highlights
  • This is Evoque Data Center Solutions’ 1st transaction in the Information Technology sector.
  • This is Evoque Data Center Solutions’ largest (disclosed) transaction.
  • This is Evoque Data Center Solutions’ 2nd transaction in the United States.
  • This is Evoque Data Center Solutions’ 1st transaction in Florida.

M&A Deal Summary
Date 2023-11-01
Target Cyxtera
Sector Information Technology
Buyer(s) Evoque Data Center Solutions
Deal Type Special Situations/Distressed
Deal Value 775M USD
Advisor(s) Guggenheim Securities (Financial)
Kirkland & Ellis (Legal)

Target

Cyxtera

Coral Gables, Florida, United States
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) 1

Buyer

Evoque Data Center Solutions

Irving, Texas, United States
Category Company
Founded 2019
Sector Information Technology
DESCRIPTION

Evoque Data Center Solutions offers enterprises a full range of services, ranging from local, regional, and global connectivity to secure space in highly available and redundant environments across four continents. The company supports a diversified base of Fortune 1000 customers across multiple segments, including utilities, transport, energy, communications, healthcare, and technologies. Evoque Data Center Solutions was formed in 2019 and is based in Irving, Texas.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-06 Foghorn

San Francisco, California, United States

Foghorn provides cloud consulting for clients utilizing their deep DevOps, CI/CD, Container, SRE, and Infrastructure as Code expertise. The company's cloud and DevOps Engineers design, build, and deploy digital transformations that accelerate innovation on the world’s leading cloud platforms for innovative startups to the Fortune 500. Foghorn was formed in 2008 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-09 Foghorn

San Francisco, California, United States

Foghorn provides cloud consulting for clients utilizing their deep DevOps, CI/CD, Container, SRE, and Infrastructure as Code expertise. The company's cloud and DevOps Engineers design, build, and deploy digital transformations that accelerate innovation on the world’s leading cloud platforms for innovative startups to the Fortune 500. Foghorn was formed in 2008 and is based in San Francisco, California.

Sell -
Mergr

Product

Company

Legal