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    Home»Deals & Transactions»Private Equity Expected to Take Over the Data Center Market With IT-spending Predicted to Grow to $4.5 Trillion in 2022
    Deals & Transactions

    Private Equity Expected to Take Over the Data Center Market With IT-spending Predicted to Grow to $4.5 Trillion in 2022

    January 21, 20221 Min Read
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    Private equity and large investment firms continued to grab more share of the data center market in 2021 by spending tens of billions of dollars via acqusitions, with no plans of slowing down in 2022.

    In late 2021, private equity firms KKR and Global Infrastructure Partners announced their plan to acquire U.S.-based data center giant CyrusOne for a whopping $15 billion, making it one of the largest data center acquisitions in history. The investment firms plan to take CyrusOne private with the goal of expanding its international footprint, which already consists of over 50 data centers.

    Just a few months ago, global investment firm Blackstone Infrastructure Partners acquired QTS Realty Trust, a large U.S. data center provider, for approximately $10 billion. The $10 billion price tag was, once again, one of the largest data center acquisitions in history.

    Cyxtera Technologies, a global data center provider with dozens of data centers across the globe, was acquired for $3.4 billion in July by Starboard Value Acquisition, a private equity special purpose acquisition company (SPAC).

    Read more/Source: CRN

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