Zayo’s Sale to Digital Colony and EQT

May 8, 2019

Cleary Gottlieb represented Goldman Sachs and J.P. Morgan as financial advisors to Zayo Group (Zayo) in its sale to a consortium led by affiliates of Digital Colony Partners (Digital Colony) and EQT Infrastructure IV Fund (EQT).

Under the terms of the agreement, which was unanimously approved by Zayo’s board of directors, shareholders will receive $35 in cash per share of Zayo’s common stock in a transaction valued at $14.3 billion, including the assumption of $5.9 billion of Zayo’s net debt obligations. The offer price represents a 32% premium to the volume-weighted price average of the last six months of $26.44.

Zayo provides mission-critical bandwidth to the world’s most impactful companies.

For more information, please see the press release here.