Cdctp jobs
%20(1).jpg)
Zayo Group Holdings Inc said on Wednesday it has agreed to be taken private by investment firms Digital Colony Partners LP and EQT for about $8.2 billion in cash.
The deal value of $35 per share is at a premium of 14.3 percent to Zayo’s closing price on Tuesday.
Shares of Zayo were up 8 percent at $33.13.
The deal is valued at more than $14 billion, including Zayo’s $5.9 billion debt.
Reuters exclusively reported last month about the potential deal.
Zayo operates a 209,214 km fiber network in the United States and Europe to connect data centers and serves wireless and landline phone companies. It stands to benefit from rising demand for bandwidth in their markets, driven by cloud computing and streaming.
The company, which went public in 2014, has been under pressure from activist hedge funds like Starboard Value LP, which in March urged Zayo to consider a sale after taking a 4 percent stake in the company.
Boulder, Colorado-based Zayo said in November it would break itself up into two companies. However, in February, the company said it was not in its best interest to pursue a public spinoff as part of its strategic review.
The company had earlier rejected acquisition offers, including from a private equity consortium comprising Blackstone Group LP, Stonepeak Infrastructure Partners LP, KKR & Co Inc, I Squared Capital, Charlesbank Capital Partners and GTCR Ltd.
“I am confident this partnership with EQT and Digital Colony will empower Zayo to accelerate its growth and strengthen its industry leadership,” Zayo’s Chief Executive Officer Dan Caruso said in a statement.
The deal, which is subject to regulatory clearance and an approval from Zayo shareholders, is expected to close in the first half of 2020.
Goldman Sachs and J.P. Morgan are serving as financial advisers to Zayo Group and Skadden Arps is serving as legal counsel. Morgan Stanley and Deutsche Bank are acting as financial advisers to Digital Colony and EQT Infrastructure, and Simpson Thacher is serving as legal adviser.
source reuters
Industry: Telecommunications News
Latest Jobs
-
- Information Security Manager- Global Sporting Brand. UK. £100,000
- London
- £100.000
-
REFCH8265 Identifier Project Information Security Manager- Global Sporting Brand. UK. £100,000 A unique and exclusive opportunity to DCL Search to provide leadership and guidance Information and IT Security practices to one of the most recognised sporting brands in the world. You will be the envy of your colleagues, friends and peers as you take the lead in developing and implementing a security strategy. You must have a blend of knowledge across information security and technical security and be able to build internal and external stakeholder relationships. To coin a well known phrase, you should be a player manager. You don’t need to be currently hands on configuring firewalls, monitoring SIEM alerts, but maybe you have in the past. Ideally you will have come from a technical background as you will be closing be working with technical teams. Skills should include, but not be limited to: Managing / developing to Incident response plans. Information Security Risk Management / compliance. Security awareness Driving remediation plans to address vulnerabilities etc. Hybrid working. Up to £100,000 + benefits.
-
- Lead Information and Cyber Security Specialist, Financial Services. Exclusive to DCL Search
- London
- 85,000
-
Consultative approach with experience engaging with internal stakeholders providing advice and guidance across information security policies and standards into projects and programmes. Risk identification / Assessment / Management across people and process. ISO27001. Open mindedness to take on projects and programmes that will involve advising, scoping, refining, improving technical security control relating to best practice. Preferred experience; PCI DSS ISA or consultative experience within security Payment card industry. Information Security / technical security controls within Financial Services. Risk Assessment / management across technical controls. Technical Security background. Experience within secure by design and the technical security controls relating to projects / programmes. iSO27001 Lead Implementer / Auditor. CISA, CISM, CISSP. 2 days a fortnight in London- or more if you want.. Hybrid reworking.
-
- Cyber Security Associate, Financial Services. Exclusive to DCL Search
- London
- £40,000
-
Exclusive Cyber Security Associate needed within a forward thinking financial services business head quartered in London. DCL Search have been engaged on an Identifier Project to attract the very best cyber talent to this business. Influence the cyber security capability and direction within the business. Learn new skills working within a collaborative team. Grow as a security professional. ROLE Triaging and troubleshooting security alerts at a level 1 / level 2 capacity. Reviewing security change management requests. Managing and use of security tooling such as; Endpoint management Vulnerability management Patch management CASB Experience with the following tools is desirable. ZOHO Desktop Central (Endpoint Management) Splunk (SIEM) Qualys CASB (Microsoft) Microsoft Azure Varonis DatAdvantage ADAudit Plus Sonicwall, Paloalto, Dark Trace, Cloudflare, Cisco Umbrella, Microsoft defender.
-
- Senior Cyber Security Engineer, Financial Services. Exclusive to DCL Search
- London
- 70000
-
Exclusive Senior Cyber Security Engineer needed within a forward thinking financial services business head quartered in London. DCL Search have been engaged on an Identifier Project to attract the very best cyber talent to this business. Influence the cyber security capability and direction within the business. Learn new skills working within a collaborative team. Grow as a security professional. ROLE Day to day operations, management and scalability of existing cyber security systems Managing of and maturing security tooling such as; SIEM Endpoint Management Firewall Patch Management CASB Vulnerability management. Triaging and troubleshooting security alerts. Improve tooling, reducing false positives. Reviewing, approving, escalating security change management requests. Implementing new cyber security systems. Ideal technical experience · Vulnerability Management: Qualys · Endpoint Management: ZOHO Desktop Central · Forcepoint: CASB, DLP, webs security, email security. · SIEM (Splunk) · Firewalls: Sonicwall, Palo Alto · Endpoint Microsoft Defender · Appreciation of ISO27001, GDPR, PCI, etc 2 days a fortnight in London- or more if you want.. Hybrid reworking.