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KKR and Global Infrastructure Partners, an infrastructure investor, has acquired CyrusOne in an all-cash transaction valued at approximately $15 billion.

CyrusOne provides mission-critical facilities that ensure the continued operation of IT infrastructure for approximately 1,000 customers, including approximately 200 Fortune 1000 companies. Cyrus is a REIT specializing in the design, construction, and operation of more than 50 high-performance data centers worldwide.

KKR aims to generate investment returns by following a patient and disciplined investment approach and supporting growth in its portfolio companies and communities. GIP targets investments in the energy, transport, digital infrastructure, and water/waste sectors in both OECD and select emerging market countries.

“Closing this transaction begins an exciting new chapter for CyrusOne as we continue our global expansion with the benefit of significant resources and expertise that KKR and GIP are able to provide to the Company and its customers,” said Dave Ferdman, CEO of CyrusOne. “We are very well positioned to capitalize on the acceleration in growth opportunities driven by strong underlying secular demand trends and create substantial value for all of our stakeholders.”

Morgan Stanley & Co. and DH Capital LLC acted as financial advisors to CyrusOne, and Cravath, Swaine & Moore LLP, Venable LLP and Eversheds Sutherland (International) LLP acted as its legal counsel. Goldman Sachs & Co., Barclays, Wells Fargo Securities LLC, Citigroup and J.P. Morgan acted as financial advisors to KKR and GIP, with KKR Capital Markets leading the structuring on the financing. Kirkland & Ellis LLP and Dentons acted as legal counsel to the acquiring consortium and KKR, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to GIP.

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