Signage is seen on the exterior of the building where law firm Cravath, Swaine & Moore LLP is located in Manhattan, New York City, U.S., August 17, 2020. REUTERS/Andrew Kelly

Six firms connect for KKR, Global Infrastructure Partners’ CyrusOne buy

Nov 15 – Six legislation firms, together with Cravath, Swaine & Moore and Kirkland & Ellis, have been tapped for KKR & Co Inc and Global Infrastructure Companions’ $15 billion deal to take U.S. knowledge middle operator CyrusOne Inc personal.

The businesses introduced the deal on Monday as distant work has ramped up enterprise for cloud-based companies and the information facilities that help them.

Information of the CyrusOne acquisition comes the identical day that American Tower Corp mentioned it could purchase knowledge middle operator CoreSite Realty Corp for roughly $10.1 billion, together with debt, amid an industry-wide increase in M&A exercise.

Dallas-based CyrusOne is working with Cravath, Venable and Eversheds Sutherland on the deal.

The Cravath workforce offering mergers and acquisitions recommendation to CyrusOne is led by company companions Andrew Elken and Erik Tavzel, the agency mentioned in an e-mail.

The Eversheds workforce is led by M&A companion Anthony Cross.

On the opposite aspect of the deal, Kirkland and Dentons are collectively steering CyrusOne’s patrons.

The Kirkland workforce advising the consortium is led by company companions Andrew Calder, John Pitts, Melissa Kalka, Ben Hardison and Rami Totari.

The Dentons attorneys are led by actual property companions Perry Zizzi and Evan Lazar.

Global Infrastructure Companions has additionally turned to a Paul, Weiss, Rifkind, Wharton & Garrison workforce together with M&A companions Matthew Abbott, Scott Barshay and Cullen Sinclair.

The acquisition is predicted to shut in 2022’s second quarter.

CyrusOne’s monetary advisors are Morgan Stanley & Co LLC and DH Capital LLC. The consortium’s are Goldman Sachs & Co, Barclays, Wells Fargo Securities LLC, Citigroup and JPMorgan Chase & Co.

American Tower has contracted Cleary Gottlieb Steen & Hamilton to help the acquisition of CoreSite, which has paired with Wachtell, Lipton, Rosen & Katz.

Davis Polk & Wardwell is advising one of many monetary advisers in that deal.

(UPDATE: This story has been up to date with the identify of the Eversheds lawyer advising CyrusOne and with the advisers for the CoreSite Realty acquisition.)

Learn extra:

KKR, Global Infrastructure Companions to take CyrusOne personal for $11.5 billion

Microsoft sees cloud enterprise development, however provide woes proceed for Xbox

American Tower to buy knowledge middle operator CoreSite for $7.5 bln

Sierra Jackson

Sierra Jackson studies on authorized issues in main mergers and acquisitions, together with deal work, litigation and regulatory modifications. Attain her at [email protected]