Greenberg Traurig’s Team Counsels Medina Capital in Closing $2.8 Billion Deal that Creates Cyxtera Technologies

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A multioffice team of attorneys with international law firm Greenberg Traurig P.A. represented longtime client Medina Capital, a Miami-based private equity firm that focuses on investing in companies in the cybersecurity, data analytics and IT infrastructure sectors, in a joint venture with BC Partners, a leading international private equity firm.

A multioffice team of attorneys with international law firm Greenberg Traurig P.A. represented longtime client Medina Capital, a Miami-based private equity firm that focuses on investing in companies in the cybersecurity, data analytics and IT infrastructure sectors, in a joint venture with BC Partners, a leading international private equity firm. The two private equity firms have closed on the acquisitions of CenturyLink, Inc.’s portfolio of data centers and associated colocation business and of Medina Capital’s security and data analytics portfolio. Estimated at an approximate value of $2.8 billion, the combined assets launch a new business operating under the name Cyxtera Technologies, Inc.

Cyxtera creates a global data infrastructure platform by incorporating dozens of data centers with various security and data analytics services from Medina Capital. It brings together a global data center footprint and a modern hybrid-and-cloud-ready security portfolio. The financing for this transaction was underwritten by Barclays, Citigroup, Citizens, Credit Suisse, HSBC, Jefferies, JP Morgan and Macquarie.

In total, 57 attorneys collaborated on the transaction. Miami Co-managing shareholder Jaret L. Davis, with assistance from Miami shareholders Victor Semah and Drew M. Altman, led the core team of 17 attorneys from various practice areas. They included shareholders Manny R. Valcarcel IV (Miami), Daniel D. Gordon (Chicago), Ejim Peter Achi (New York), Audry X. Casusol (New York), Stephen M. Pepper (New York), Todd D. Wozniak (Atlanta), Renee A. Latour (Washington, D.C.), Harry J. Friedman (Fort Lauderdale), Richard M. Cutshall (Chicago), Evan A. Kanter (Miami), and Noam Lipshitz (Fort Lauderdale); of counsel Cyril T. Brennan (Washington, D.C.) and Rachel B. Cohen-Deano (Chicago); and associates Jasmine Zacharias (Miami), Maria Jose Dobles Madrigal (Miami), Taylor J. Berman (Miami), and Sandy Chiu (Miami).

“Cyxtera truly represents Miami coming into its own,” said Davis. “To have an infrastructure company and network of its size and scope based in Miami and led by Miami’s pre-eminent technology executive illustrates well Miami’s positioning among other cities as a jurisdiction in which major tech innovation is occurring.”

The new company will be an immediate leader in the global colocation market, with more than 3,500 customers and 2.6 million square feet of raised floor capacity and is well-positioned within some of the fastest-growing segments of the information security market.

About Greenberg Traurig, LLP

Greenberg Traurig, LLP (GTLaw) has more than 2,000 attorneys in 38 offices in the United States, Latin America, Europe, Asia and the Middle East and is celebrating its 50th anniversary. One firm worldwide, GTLaw has been recognized for its philanthropic giving, was named the second largest firm in the U.S. by Law360 in 2016, and among the Top 20 on the 2016 Am Law Global 100. Web: http://www.gtlaw.com Twitter: @GT_Law.

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Lourdes Brezo-Martinez
@GT_Law
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