CyrusOne Shares Jump Amid Takeover Rumors
Shares of data center developer CyrusOne jumped 8 per cent Friday following media reports that the company has received takeover interest. Bloomberg reported Friday that a bidder group including KKR & Co., Stonepeak Infrastructure Partners and I Squared Capital is in the preliminary stages of weighing a bid for the company, citing unnamed sources “familiar with the matter.”
CyrusOne stock rose 8 per cent to just over $70 a share following the reports. The Bloomberg story (which is also available at the Dallas News) said the investor group’s interest has prompted CyrusOne to begin “working with an adviser to evaluate strategic options.”
The Bloomberg report emphasized that “no decision has been made and CyrusOne could opt to remain independent.”
CyrusOne has been at the forefront of a trend in which the world’s largest hyperscale Internet companies have begun leasing cloud capacity from data center developers, rather than building their own server farms. These huge deals help hyperscalers keep pace with the rapid growth of their cloud operations, which has tested the limits of their in-house construction units. CyrusOne has been a pioneer in optimizing its designs and supply chains to deliver lots of space, as quickly as possible.
The company was founded in 2000 by Houston entrepreneur David Ferdman, and quickly found its niche specializing in high-density colocation services for energy companies in Houston and Dallas. The company expanded across Texas after it was acquired in 2007 by private equity firm ABRY Partners. In 2010, Cincinnati Bell paid $525 million to buy CyrusOne, which was then spun off in an IPO in January 2013. Since then, the company’s value has grown to an estimated $7.7 billion at today’s share price.
Stonepeak is a familiar name to data center watchers through its acquisition of Cologix, which specializes in colocation and interconnection in regional markets. It is among a new class of investors in the data center sector, including infrastructure funds and sovereign wealth funds with deep pockets and extended time horizons. Their activity has been scaling up over several years, and some of these investors are raising billions of dollars to invest in digital infrastructure, citing extraordinary demand for capital to fuel the data economy.
source datacenterfrontier
Industry: Data Centre / Data Center
Latest Jobs
-
- Senior Presales Consultant | Managed Security Services | London
- London
- N/A
-
Senior Presales Consultant – Managed Security Services Location: London-commutable (Hybrid) A well-established cyber consultancy is seeking a Senior Presales Consultant to drive growth across its managed security services / advisory portfolio. This hybrid role bridges commercial and technical expertise supporting solution design, shaping customer proposals, and guiding conversations from scoping through to delivery. Key experience: Background in managed security services, including SOC operations and threat detection Strong knowledge of cloud and on-prem security tooling (SIEM, EDR, IAM) Penetration testing Proven ability to translate technical concepts into clear business value Confident in customer-facing engagements and pre-sales delivery Experience contributing to bids, proposals, and RFI/RFP responses To find out more contact me on 07884666351 Visa sponsorship is unfortunately not available for this role.
-
- Senior SOC Engineer - Microsoft | Splunk. Permanent. London
- London
- N/A
-
Senior SOC Engineer – Hybrid London Type: Full-Time A well-established cyber security provider is seeking a Senior SOC Engineer to strengthen its managed services function. This role is ideal for someone with a strong operational background in SIEM and EDR tools who can confidently lead customer onboarding, fine-tune detection strategies, and act as a senior point of contact for technical escalations. You will need to be SC clearable. Bonus points if you have SC clearance currently. You will be responsible for ensuring smooth integration of new clients into the service, optimising alerting capabilities and delivering meaningful outcomes during investigations. This is a hands-on position, working closely with internal teams and external stakeholders to maintain robust security operations across multiple environments. Prior experience in a cyber-focused MSP or MSSP Strong hands-on capability with platforms such as Microsoft Sentinel, Defender for Endpoint, or similar Proficiency in scripting and query languages such as KQL or PowerShell Knowledge of detection logic, investigation workflows, and cloud-based infrastructure Confident communicator with strong documentation and reporting skills Apply today for more information.