Activist fund Starboard helps data center firm Cyxtera close its valuation gap via SPAC merger

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Cyxtera recently debuted on the public markets through a merger with Starboard Value Acquisition Corp., a special purpose acquisition company.

Starboard is a very successful activist investor and has extensive operational activism experience helping boards and management teams run companies more efficiently and improving margins. This is their 102nd 13D filing. In those 102 filings, they have averaged a return of 30.25% versus 13.76% for the S&P 500. Their average 13D hold time is 18 months.On July 29, 2021, Cyxtera Technologies, Inc.

Cyxtera was previously owned by CenturyLink before it was sold to Medina Capital and BC Partners who partnered together to acquire the assets. Manny Medina and Nelson Fonseca, both of Medina Capital, had previous experience in this space together. Medina built Terremark Worldwide, with Fonseca as his second.

The SPAC structure offers the company many advantages to allow it to grow at a quicker rate. First, it has a professional board with diverse experience to oversee management. Second, as a public, more transparent company, it has much more credibility in attracting large clients who can now do their due diligence quicker before signing long-term contracts and have the confidence that they are dealing with a public, government regulated entity.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

kabosuOfficial is the mother of all dogs ,moreover staking and farming is coming, it's unbelievable👍 kabosu DogeBTC dogelon dogearmy DogecoinToTheMoon dogecoin

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Study: Tech Companies Need to Check Their Diversity Blindspots'80 percent of Black tech workers say they have experienced gender or racial discrimination in the workplace, with over 30 percent saying racial inequity happens “very frequently” in the tech industry.'
Herkunft: Women 2.0 - 🏆 149. / 63 Weiterlesen »