Customer focus remains after KKR, GIP acquisition
Leading global investment firms KKR Global Infrastructure Partners have closed on their acquisition of CyrusOne for $15 billion – the largest M&A deal in data center industry history.
This historic deal gives CyrusOne substantial additional resources and expertise to accelerate our global expansion and helps us deliver the timely and reliable solutions at scale that our customers value.
And they remain our focus.
Our reliability, service and sustainability go unchanged. “One Company, One Team, One Purpose” remains our mantra and promise.
For our customers, we will continue to provide the outstanding services, digital infrastructure requirements and solutions they’ve come to expect, with no changes to how we serve them.
For our vendors, business partners and channel partners, we look forward to new opportunities as we accelerate our growth and success. Our partnerships are important to our success.
The acquisition does take CyrusOne private, meaning it will no longer be listed or traded on Nasdaq. While this changes the company’s ownership structure, it does not change our strategy, our culture, our vision or business priorities or what most employees do every day.
We will continue to operate as one company, one team, one purpose.
“This transaction is a testament to the tremendous work by the entire CyrusOne team,” said Dave Ferdman, co-founder and interim president and CEO of CyrusOne.
“We have built one of the world’s leading data center companies with a presence across key U.S. and international markets supporting our customers’ mission-critical digital infrastructure requirements while creating significant value for our stockholders.”
With more than $471 billion in assets under management, KKR is a long-term investor that partners with leading companies to grow great businesses and is one of the most active infrastructure and real estate investors around the world. It is a proven digital infrastructure leader with deep experience in building and operating mission critical digital infrastructure assets across the world, having deployed, or committed to deploy more than $17 billion across a number of related investments in the sector.
With over $80 billion in assets under management, the funds and investment platforms GIP manages make equity and debt investments in infrastructure assets and businesses in OECD and selected emerging market countries, targeting investments in the energy, transport, digital, and water/waste infrastructure sectors where GIP possesses deep experience and relationships. GIP’s Business Improvement Team works closely with management teams and partners to continue to deliver efficiency and outstanding performance.
They have invested in CyrusOne because they believe in our vision, our strategy and, most importantly, our team. We will now build on that already strong foundation to create even greater opportunities for success and take CyrusOne to the next level.
“CyrusOne has built one of the strongest data center companies in the world and has a strong track record of development and operational expertise in addition to delivering best-in-class service to its customers,” said Waldemar Szlezak, Partner at KKR, and Will Brilliant, partner at GIP. “We are excited to work together with the company’s proven team to build on CyrusOne’s market leadership and support their customers’ growing data center infrastructure requirements. We see numerous opportunities ahead to continue expanding CyrusOne’s footprint across key global digital gateway markets and look forward to leveraging our global resources, access to long term capital and deep expertise to support the company’s growth.”