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November 30, 2021
BUSINESS BUSINESS COMPANIES ECONOMY

Dentons and K&E advise KKR and Global Infrastructure Partners on US$15 billion acquisition of CyrusOne

Global law firm Dentons, as part of a legal team led by Kirkland & Ellis, represented private equity firm KKR and fund manager Global Infrastructure Partners, in a successful bid to acquire data center operator CyrusOne, Inc. This all-cash transaction valued at approximately $15 billion, including the assumption of debt, is expected to close in the second quarter of 2022, subject to the completion of closing conditions and regulatory approvals.

CyrusOne is a real estate investment trust (REIT) 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.

Perry Zizzi (photo), Managing Partner, Dentons Romania, and Evan Z. Lazar, Co-Chair of Dentons Global Real Estate Group, led and coordinated the cross-border project team of more than 90 Dentons lawyers from across four continents, with the support of Bucharest office Counsel Doru Postelnicu. The multi-competency team advised the client on real estate, employment, corporate and energy law in in Europe, Latin America and Singapore.  The team leaders for each country included: Bruna Gobbi (Brazil), José Manuel Larrain (Chile), Bernardo Cardenas (Colombia), Maxime Simonnet (France), Christoph Papenheim (advice on general data center law) and René Dubois (Germany), Andrew Muckian (Ireland), Rogelio Lopez-Velarde (Mexico), Pieter van Delden (Netherlands), Melanie Lim and Valerie Ong (Singapore), Itxaso López Diez and Bárbara Hernández-Mora (Spain), and Rob Thompson and Alex Coulter (UK).

Perry Zizzi said, “This transaction allowed us to project our Bucharest office skills and knowledge on a global basis, although the transaction had no connection to Romania. We are often involved in high-profile matters with our colleagues around the world – and this is just the latest example.”

Evan Z. Lazar added, “Due to the global scope of the transaction, we were called on to provide legal advice across eleven countries.  As the world’s largest law firm, Dentons is ideally placed to support clients on investment transactions of this kind.”

 

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