GIP and KKR to Acquire CyrusOne in $15 Billion Deal

Paul, Weiss is advising Global Infrastructure Partners (GIP), alongside KKR, in its acquisition of CyrusOne Inc. for $90.50 per share. The all-cash transaction has an enterprise value of approximately $15 billion. GIP is one of the world’s leading infrastructure investors, with $79 billion in assets under management; CyrusOne is a premier global data center REIT. The transaction is expected to close in the second quarter of 2022, pending customary closing conditions, regulatory approvals and CyrusOne shareholder approval. Upon completion, CyrusOne will be a privately held company wholly owned by GIP and KKR.

The Paul, Weiss team included corporate partners Matthew Abbott, Scott Barshay, Cullen Sinclair and David Tarr; tax partner Scott Sontag; executive compensation partner Jarrett Hoffman; real estate partner Harris Freidus; antitrust counsel Marta Kelly; and international trade counsel Richard Elliott.