Blackstone to Buy QTS Realty Trust for $10 billion
Blackstone Group Inc. has agreed to acquire data-center operator QTS Realty Trust Inc. in a deal valued at roughly $10 billion. Blackstone Infrastructure Partners and BREIT, the private equity firm’s nontraded real estate investment trust, have agreed to pay $78 a share for QTS. The price represents a 21% premium to the closing share price of QTS .
Including debt, the transaction is valued at about $10 billion. QTS operates data centers, with more than than 7 million square feet of space in North America and Europe.