Zayo goes private; takeover by Digital Colony, EQT completed

10 Mar 2020

US-based carrier Zayo Group yesterday (9 March 2020) announced the completion of its acquisition by affiliates of Digital Colony Partners and the EQT Infrastructure IV fund. Under the terms of the USD14.3 billion merger agreement, which was approved by Zayo’s stockholders in July 2019, Zayo stockholders received USD35 cash per share of Zayo common stock, while the deal also included the assumption of USD5.9 billion of Zayo’s net debt obligations. As a result of the transaction completion, Zayo is now a privately held company and its common stock has ceased trading on the New York Stock Exchange.

Zayo operates a 133,000 route-mile network in the US, Canada and Europe, including metro connectivity to thousands of buildings. It owns a Tier 1 IP Backbone and 44 carrier-neutral data centres, providing communications infrastructure solutions including dark fibre, private data networks, wavelengths, Ethernet, dedicated internet access, and colocation services. Through its Cloudlink service, Zayo provides low latency private connectivity that attaches enterprises to their public cloud environments. The group’s clients include wireless and wireline carriers, media, tech, content, finance, healthcare and other large enterprises.

Canada, United States, Digital Colony, EQT, Zayo Group, Zayo/Allstream (Canada)