Zayo shareholders agree to $8.2 billion acquisition by Digital Colony, EQT
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
Industry: Data Centre
- Data Protection Officer (DPO)/ Risk Manager
- 65000 plus benefits
Data Protection Officer with a strong focus on risk management is needed for this expanding Paytech business. You will work closely with the CISO to help understand how the data is being processed within the business and identify the business risk associated with this. this role will be both internally and externally focused As the business processes payments across the globe, they require someone with knowledge of the different data regulations, GPPR, CCPA. This role is focused on helping to identify potential business risks associated with the data usage and ensuring that issues are flagged to the relevant teams within the business.
- Security Monitoring and Vulnerability Analyst, End User. PCI Level 1 Service Provider.
CH7843 Security Monitoring and Vulnerability Analyst, End User. Level 1 Service Provider. £50,000 London Security Monitoring and Vulnerability Analyst needed to join an Level 1 Service Provider. The Security Analyst will be responsible monitoring, configuring, fine tuning and generally improving the security tool capability. Specific experience with Tripwire Log Center and Tripwire Enterprise is highly desirable. Other security tools experience should include the managing and monitoring of firewalls, Anti Phishing, AV, vulnerability management, IAM etc. Current experience with Vulnerability management and penetration testing is highly desirable. Specifically the ability to effectively manage 3rd party pen tests. Hands on penetration testing is a very nice to have. You will be working within a specialist security team reporting to the CISO. Experience working within an end user environment within financial services is highly desirable. Flexible location. This is an exclusive role to DCL Search & Selection. https://calendly.com/chris-holt/arranged-call-with-chris-holt-soc-role-clone
- Internal Security Auditor, Level 1 Service Provider (ISO27001)
- Upto 65,000 plus benefits
Internal Security Auditor ISO 27001, PCI, needed to join a Cyber team within this expanding Fintech business. The Internal Security Auditor will have end to end responsibility for planning, delivering, remediating any findings etc. Experience working within financial services is highly desirable. This Is a great time to join a newly formed and growing Cyber team within a rapidly expanding fintech, that is taking a major share of its market. We are looking for someone with experience, (but not to be limited to) a mix of Information Security standards, frameworks, audit principles, controls / policies and the management and use of the technical tooling etc. ISO 22301, ISO 27001, NIST Cybersecurity Framework etc An ideal candidate will be working within an end user environment with a cyber consultancy background. Experience taking a company through accreditation is highly desirable Experience managing internal stakeholders, technical teams and external third parties essential Flexible working, but with the ability to get into London. This is an exclusive role to DCL Search & Selection.
- DevOps Engineer with IdAM
- Upto £80,000 plus benefits
We are ooking for an DevOps engineer, idealy with IdAM (identity access Management) experience, this is a senior role for someone that can be the lead hands on person on a project. Your role will be to work on the deployment project implementing the solution into the exsiting application so will be used to connect an applications into mulipe 3rd party appliactions. We Would look at someone who has done DevOps with Security and can cross train into IdaM, but preference would be given to someone with the IdAM experience this is a great opportunity to join a consultancy that work on some truely amazing and differnet solutions