Cyxtera Technologies went public via a SPAC merger with Starboard Value Acquisition in a $3.4bn deal.

Cyxtera Technologies, a retail colocation and interconnection services company, went public via a SPAC merger with Starboard Value Acquisition in a $3.4bn deal. The PIPE included commitments from investors including Fidelity Management & Research Company, and clients of Starboard. "Having completed our merger with SVAC, we now can accelerate our plans to drive high-margin growth through increased utilization of our existing assets, development of innovative product offerings, and expansion of our global footprint. We look forward to leveraging our data center platform and our experience in successfully operating a publicly traded data center company to create long-term shareholder value,” Nelson Fonseca, Cyxtera CEO.