Data centre operator QTS Realty Trust to be taken over by Blackstone

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Data centre operator
Data centre operator QTS Realty Trust to be taken over by Blackstone

The transaction is valued at about $10 billion, including the assumption of the existing debt of the data centre operator – QTS

Blackstone Group Inc., an Investment firm will QTS Realty Trust – a data centre operator for around $6.7 billion, the Wall Street Journal reported on Monday.

$78 per share for QTS will be paid by the buyout firm’s infrastructure unit along with its non-traded real-estate investment trust, according to the report.

To QTS’ closing price on Friday, the price represents a premium of about 21 per cent.

A demand for cloud services, which are reliant on data centres, was boosted by a COVID-19 pandemic-led remote working environment. Throughout North America and Europe, QTS has more than seven million square feet of data centre space.

The transaction is valued at about $10 billion, including the assumption of the existing debt of the data centre operator – QTS, the report said.

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