Charles Russell Speechlys advises on sale of the Zenium Group to CyrusOne
Having previously advised Zenium Holdings Limited on the sale of its Turkish assets in October 2017, the Charles Russell Speechlys team are pleased to have also advised the management team and shareholders of Zenium Topco Limited on the sale of the company and its subsidiaries (“Zenium”) to CyrusOne Inc. (NASDAQ: CONE) (“CyrusOne”).
Zenium is a leading hyperscale data center provider in Europe, with two properties in London and two in Frankfurt - the continent’s two largest data center markets.
“We are excited to take this important step in establishing a European footprint at a time when our customers are expanding globally and demand across the continent is accelerating, particularly for larger deployments” said Gary Wojtaszek, CEO of CyrusOne.
“We believe there is a tremendous opportunity as the market continues to evolve rapidly. With this acquisition, as well as additional development sites we have in process in key markets across Europe, we will be very well positioned to help our customers as their business requirements grow, while creating significant value for our shareholders.”
Keir Gordon, Corporate partner, who led the team at Charles Russell Speechlys added "The Zenium management team have worked incredibly hard to build a leading hyperscale data center business. We are delighted to have assisted them on this critical transaction, and also that of the sale of Zenium’s Turkish assets late last year.”
Keir Gordon was supported by legal director Deborah Robson, associate Darren Marley and associate Alex Stevens with additional assistance from associate Emily Dobson, associate Ashwin Pillay and trainee Kunal Shah (all Corporate). The corporate team were significantly supported by the wider deal team which included partner Mark Bailey and associate Tanya Wilkie (both Commercial), partner Mark Smith and senior associate Ruby Dalal (both Real Estate), partner Nick Hurley and senior associate Becky Lawton (both Employment), partner Helen Hutton (Planning and Environmental), senior associate Fiona Thompson and associate Rob Easton (both Construction), partner Mary Bagnall and associate Pete Byrd (both IP) and Paul Henty (Competition).