Brookfield Completes $775M Purchase of Cyxtera
Canada’s Brookfield Infrastructure Partners has completed the purchase of all of U.S.-based data centre operator Cyxtera’s assets for US $775 million under a court-supervised process.
Toronto-based Brookfield’s bought Cyxtera’s data centre portfolio through its Dallas-based Evoque subsidiary, which announced the deal’s closure in a news release. Cyxtera and Dallas-based Evocque were subsequently combined under the Evoque banner.
Through the acquisition, Evoque has incorporated 40 additional data centres located mostly in Canada and the U.S.
“Combining Evoque and Cyxtera is a strategic step that aligns seamlessly with our vision for data infrastructure investments,” said Udhay Mathialagan, who chairs Evoque’s board and heads Brookfield’s global data-centre business.
As part of the deal, Brookfield also acquired the real estate housing several Cyxtera data centres from Digital Realty Trust and Digital Core REIT. And, Cyxtera agreed to amend the terms of its current leases with Digital Realty covering three U.S. sites and three international locations, allowing Cyxtera to exit the premises this year.
In addition, Cyxtera agreed to sell its Montreal and Vancouver data centre business to Denver-based Cologix.
- ◦Sale/Acquisition