Thursday, December 21, 2017

CyrusOne Acquires Zenium Data Centers For $442M

Dallas-based CyrusOne has agreed to acquire Zenium Data Centers, a data center provider with four data centers split between London and Frankfurt, in a deal worth $442M, the company said on Thursday. According to CyrusOne, it acquired Zenium from private equity owner Quantum Strategic Partners, Ltd., which is managed by Soros Fund Management LLC. According to the companies, the purchase was made at 18X adjusted EBITDA. CyrusOne said the move will help it expand its global footprint into Europe's two largest markets, and is a significant expansion opportunity for the company.