What Happened to Cyxtera Technologies?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$2.8B
Summary
Cyxtera Technologies was a data center colocation provider operating more than 60 facilities across 29 markets globally. The company went public via SPAC merger with Starboard Value Acquisition Corp in 2021. Cyxtera filed for Chapter 11 bankruptcy in June 2023.
What Happened
Starboard Value Acquisition Corp merged with Cyxtera in July 2021. The data center company struggled with heavy debt and intense competition in the colocation market. Cyxtera filed for Chapter 11 in June 2023 â just two years after going public. Brookfield Infrastructure acquired substantially all of Cyxtera's assets through the bankruptcy process in November 2023.
Timeline
2020-09-08
S-1 Registration Filed
2021-07-16
Merger Proxy Filed (DEFM14A)
2024-02-14
Last SEC Filing