Greenberg Traurig Advises on New Cybersecurity Venture Led By Tech Pioneer Manny Medina
Greenberg Traurig team represents Medina Capital in a tech acquisition valued at $2.8 billion.
May 16, 2017 at 01:00 AM
26 minute read
When Terremark Worldwide Inc., founded by Miami tech pioneer Manny Medina, was sold to Verizon in 2011 for $1.4 billion, the move was part of a vertical integration trend among telecommunications companies acquiring data centers.
Now the trend has reversed, and Medina Capital, a Miami-based private equity firm led by Medina, has seized on a different group of data centers that, paired with Medina's cybersecurity and data analytics companies, has resulted in a deal valued at $2.8 billion.
Greenberg Traurig represented longtime client Medina Capital in a joint venture with global private equity firm BC Partners and Longview Asset Management to buy CenturyLink Inc.'s data centers and associated colocation business. The joint venture also bought out Medina Capital's security and data analytics companies.
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