Dentons, K&E advise KKR and GIP on US$15bn acquisition of CyrusOne

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 centre 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 centres. The company has 50 data centres across North America, South America and Europe, which serve more than 1,000 customers.

Partner Perry Zizzi 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. The multi-competency team advised the client on Real Estate, Employment, Corporate and Energy Law 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 and René Dubois (Germany), Andrew Muckian (Ireland), Rogelio Lopez-Velarde (Mexico), Pieter van Delden (Netherlands), Melanie Lim and Valerie Ong (Singapore), counsel and RE area co-directors Itxaso López Diez (pictured left) and Bárbara Hernández-Mora (pictured right) (Spain), and Rob Thompson and Alex Coulter (UK).

Evan Z. Lazar said: “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.”

Perry Zizzi added: “We are thrilled to have had the opportunity to support KKR and Global Infrastructure Partners on this high-value, strategic acquisition, which demonstrates our ability to provide high-quality advice on the most complex transactions.”

Desire Vidal