Data-Center Operator Cyxtera Exploring a Sale Among Strategic Options
Data-Center Operator Cyxtera Exploring a Sale Among Strategic Options
(Bloomberg) -- Cyxtera Technologies Inc., the data-center operator that merged last year with blank-check firm Starboard Value Acquisition Corp., is exploring strategic options including a sale, according to people with knowledge of the matter.
Cyxtera is working with advisers as it mulls alternatives, said the people, requesting anonymity discussing private talks.
A Cyxtera representative didn’t immediately respond to a request for comment.
The Coral Gables, Florida-based company, led by Chairman Manny Medina and Chief Executive Officer Nelson Fonseca, has a market value of about $2.2 billion. It operates 61 data centers across the world in cities including Boston, Chicago, London and Singapore, its website shows.
The number of publicly traded data-center operators has been whittled in recent years. CyrusOne Inc. was acquired last month by KKR & Co. and Global Infrastructure Partners. Last year, QTS Realty Trust Inc. was acquired by affiliates of Blackstone Inc. while CoreSite Realty Corp. was purchased by American Tower Corp.
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