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Quantum to Sell Zenium Data Centers to CyrusOne
- Client News
- December 21, 2017
Paul, Weiss is representing Quantum Strategic Partners Ltd. in its $442 million sale of Zenium Data Centers to CyrusOne Inc. The purchase price reflects a multiple of 18 times expected annualized Adjusted EBITDA of approximately $25 million from both commenced and signed but not yet billing leases. Quantum is a private investment fund managed by Soros Fund Management LLC. CyrusOne is a premier global data center REIT. Zenium is a leading hyperscale data center provider in Europe with four properties in London and Frankfurt. The transaction is expected to close in the first quarter of 2018.
The Paul, Weiss team includes corporate partner Bruce Gutenplan and counsel David Carmona and David Harris; and tax partner David Sicular.