Kirkland Leads Abry Partners In Xand Buy

Law360, New York (October 14, 2011, 12:46 PM EDT) -- Just over a year after selling data center operator CyrusOne to Cincinnati Bell Inc. for $525 million, private equity firm Abry Partners said Friday it had purchased Xand Corp., another operator in that space, for an undisclosed price.

Boston-based Abry Partners, which focuses on media, communications and information services investments, and currently is deploying a $1.6 billion operating fund, said the purchase was its latest in an area that is seeing explosive growth.

Hawthorne, N.Y.-based Xand has kept up with the rapid expansion, which has been...
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