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This Article is From Apr 07, 2022

Data-Center Operator Cyxtera Exploring a Sale Among Strategic Options

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.

Read more: Data-Center Operator Switch Said to Explore Possible Sale

©2022 Bloomberg L.P.

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