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
-
- Architect | Cyber Security | Public sector Permanent
- Cheltenham
- N/A
-
Architect | Cyber Security | Public sector Permanent Seeking a Security Architect with Public Sector / Cloud Security experience for a lead technical role. Public sector security architecture design experience essential. (MoD) Current project experience delivering HLD / assurance of computer networks / build evaluations. Active Security clearance required. If you are open to hear about a new / exclusive opportunity where you are interested to be more than a number in a company reach out to team today. Chris.holt@dclsearch.com 07884666351
-
- CIAM Architect Azure B2C
- N/A
- N/A
-
We are seeking a highly skilled and experienced Azure B2C CIAM Architect for a contract starting on Jan 2024. As an Azure B2C CIAM Architect, you will be responsible for designing, implementing, and deploying an new Azure B2C Solution . Responsibilities: Design and implement an Azure B2C-based CIAM solution that meets the needs of our clients organization. Maintain and support the Azure B2C-based CIAM solution. Provide training and support to our employees on the use of the CIAM solution. Background designing, implementing, and maintaining CIAM solutions. Experience with cloud-based identity and access management (IAM) solutions. Experience with OAuth, OpenID Connect,and SAML. Excellent written and verbal communication skills
-
- Senior IAM Consultant
- Germany
- Upto €110,000 depending on level of position
-
Senior IAM Consultant is needed to help lead and deploy IAM Projects for this expand IAM Consultancy The ideal candidate will have a deep understanding of IAM concepts and technologies, as well as experience in deploying and managing complex IAM solutions. Responsibilities Lead the deployment of IAM solutions for our clients Work with clients to understand their IAM requirements and design solutions that meet their needs Configure and implement IAM solutions using best practices Integrate IAM solutions with other enterprise systems Provide training and support to clients on the use of IAM solutions Stay up-to-date on the latest IAM technologies and trends We are looking for an experieneced IAM Consutlatn with: Strong understanding of IAM concepts and technologies,including identity lifecycle management,access control,and authentication Experience in deploying and managing complex IAM solutions Experience with IAM products and solutions,such as SailPoint,One Identity Manager,and Azure Active Directory Excellent communication and interpersonal skills Ability to work independently and as part of a team Fluent in German Candidates witll need to live and have the right to work within Germany to be considered.
-
- Security Architect - SOC Design - Outside IR35 London. SC / DV cleared
- London
- Outside IR35
-
Security Architect - With in-depth SOC Design experience needed for Outside IR35 London. SC / DV cleared. 6 month rolling Immediate Experience delivering technical Security Architecture design / assurance of security design with mobile network experience. HLD / LLD Current SC Clearance a must. Willingness to undertake DV. London 3 days a week Immediately interviewing.