.
MergerLinks Header Logo

New Deal


Announced

Completed

Argo Infrastructure completed a $500m investment in TierPoint.

Financials

Edit Data
Transaction Value£373m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Completed

Private Equity

Single Bidder

Acquisition

United States

cloud solutions

data center

Data Centers and Hosting

Private

Minority

Domestic

Synopsis

Edit

Argo Infrastructure, an independent fund manager, completed a $500m investment in TierPoint, a provider of secure, connected data center and cloud solutions. “We’re very pleased that Argo – a knowledgeable and well-regarded, long-term infrastructure investor – has become our largest investor. Their investment is a result of the strong financial and operating results we’ve achieved and the success we’ve had in retaining clients through a superior level of customer care. It validates the steps we’re taking to augment our suite of leading IT infrastructure solutions and team of world-class technology professionals. Argo’s investment strengthens our position in an industry experiencing great demand for our network and services and adds to the long runway of growth ahead of us," Jerry Kent, TierPoint Chairman and CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US