Zayo shareholders agree to $8.2 billion acquisition by Digital Colony, EQT
.jpg)
Fiber and carrier-neutral data center provider Zayo has agreed to be acquired by Digital Colony Partners and EQT Partners for $8.2 billion in cash.
In a meeting on Friday, Zayo shareholders approved the transaction, valued at $14.3 billion minus Zayo’s $5.9 billion in debt, which is taken on by the new owners. Subject to regulatory approval, the acquisition is expected to close in the first half of 2020.
Upon closing, Zayo shareholders will receive $35.00 in cash per share of the company's common stock.
Zayo-kay with me
Zayo’s fiber network spans 209,000km, connecting 1,100 data centers and more than 35,000 buildings in the Americas, Europe, the Middle East, and APAC. The company also runs more than 50 colocation data centers worldwide.
Dan Caruso, chairman and CEO at Zayo, said: “The entire Zayo team is excited to work with EQT and Digital Colony to leverage our fiber assets to continue to fuel global innovation.”
Earlier this year, Digital Colony Partners bought Canadian fiber company Peer 1 for $546 million. Peer 1’s portfolio includes over 3,300 route kilometres of dense metro fiber in the greater Toronto area and Montreal. The company also owns and operates several data centers across North America and Europe.
Zayo previously rejected an acquisition offer from a private equity consortium consisting of Blackstone Group LP, Stonepeak Infrastructure Partners LP, KKR & Co Inc, I Squared Capital, Charlesbank Capital Partners and GTCR Ltd.
Last November, Zayo announced that it was planning to split its business into two public companies, EnterpriseCo and InfraCo.
EnterpriseCo would manage Zayo’s networking segments, Enterprise Networks and Allstream, as well as its Ethernet and SONET divisions, while InfraCo would merge the company’s Fiber Solutions and zColo – the company’s data center and colocation business. Zayo decided against this split in February of this year, with the company saying that the spin-off would not be in its best interest
source datacenterdynamics
Industry: Data Centre
Latest Jobs
-
- Lead Cyber Security Incident Response Consultant.
- United Kingdom
- N/A
-
Seeking skilled and passionate UK-based individual for a Lead Cyber Security Incident Response Consultant opportunity 3 core skillsets for the role Hands on technical incident response (triage and planning). Business consultancy (engaging with clients). Commercial awareness. Being able to engage in business growth conversations. Consultancy experience is an essential as it the ability to visit clients and the office. Additional experience will include, but not be limited to: Developing incident response strategies, guides and procedures for effective incident handling Proactive and reactive defense plans based on cyber threat actors' techniques Offering guidance, supervision, and fostering opportunities for team development Significant career development opportunities for the right individuals.
-
- OUTSIDE IR35 Contract- Functional tester- SC clearance Microsoft Windows Server
- London
- Outside IR35 contract
-
Front End Functional tester with SC clearance needed for an Outside IR35 project. Current valid SC clearance is required Experience with functional testing with exchange, sharepoint, SQL and other applications relating across a windows server Migration to 2019. Must be able to get to Central London 3 days a week. Jira, Wiki documentation and automation experience highly desirable.
-
- ForgeRock Consultant- UK
- United Kingdom
- Upto £100,000 plus benefits
-
ForgeRock Consultant/ Architect is require for niche consultancy who are looking to expand their presence within the UK/European Market Looking for a lead IAM architect, ideally with ForgeRock experience but would consider other vendors, But looking for someone who is able to advice and consultant with Clients but have the implementation background so they can get involved in projects as and when needed. Key duties will be: Provider IAM consultancy to clients, with a focus on ForgeRock Product stack ·Responsible for the design and implementation of ForgeRock solutions ·Install and configure ForgeRock stack to meet customer authentication and authorization requirements, ·Design and implement OAuth2 protocol using ForgeRock OpenAM, ·Design and develop OpenAM custom authentication modules, ·Configure ForgeRock stack to protect RESTful API, ·Troubleshoot and support ForgeRock IAM stack. This is a great role to join a niche play as they look to kick of their European expansion
-
- ForgeRock Consultant- Netherlands
- Netherlands
- N/A
-
ForgeRock Consultant required for 6 Month Contract This will be a mix of on site and home based, so need people to be based in the Netherlands We are looking for a lead ForgeRock Technical Consultant/ Architect with strong experience of ForgeRock to lead a new deployment project. ·Responsible for the design and implementation of ForgeRock stack ·Install and configure ForgeRock stack to meet customer authentication and authorization requirements, ·Design and implement OAuth2 protocol using ForgeRock OpenAM, ·Design and develop OpenAM custom authentication modules, ·Configure ForgeRock stack to protect RESTful API, ·Troubleshoot and support ForgeRock IAM stack. ·Designed and developed Restful APIs, This is a great project with an expanding leading IAM player within Europe, We are looking for someone with the above experience, who is comfortable hitting the ground running and taking on the reins at the start of a project