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Closing: KKR and Global Infrastructure Partners’ Acquisition of CyrusOne Now Closed

Closing: KKR and Global Infrastructure Partners’ Acquisition of CyrusOne Now Closed

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On March 30, 2022, Dentons announced that KKR and Global Infrastructure Partners’ acquisition of CyrusOne (reported by CEE Legal Matters on November 22, 2021) has now closed.

KKR is a private equity firm and Global Infrastructure Partners is a fund manager. CyrusOne is a real estate investment trust that designs, builds, and operates data centers. The company has 50 data centers across North America, South America, and Europe, which serve more than 1,000 customers.

As previously reported, Dentons, working alongside Kirkland & Ellis, has advised KKR and Global Infrastructure Partners on their acquisition of CyrusOne. Reportedly, Paul, Weiss, Rifkind, Wharton & Garrison also advised GIP, while Cravath Swaine & Moore, Venable, and Eversheds Sutherland advised CyrusOne.

According to Dentons, the all-cash transaction was valued at approximately USD 15 billion.

“We are delighted that Dentons’ cross-practice teams across four continents could support global powerhouses KKR and Global Infrastructure Partners to complete this strategic acquisition and financing in a cutting edge industry such as data centers,” Romania Managing Partner Perry Zizzi commented.

Dentons’ international team included Zizzi, Prague-based Global Vice Chair Evan Lazar, Bucharest-based Counsel Doru Postelnicu, and further team members in Brazil, Chile, Colombia, France, Germany, Ireland, Mexico, the Netherlands, Singapore, Spain, and the UK.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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