ABRY Partners has agreed to sell CyrusOne, a provider of corporate colocation services, to Cincinnati Bell (NYSE: CBB) in a cash deal valued at $525 million. Cincinnati Bell will fund the acquisition with part of a $970 million senior secured credit facility. BofA Merrill Lynch, Morgan Stanley and Barclays Capital are providing the debt financing for the transaction, which is expected to the close during the second quarter. The sell-side was advised legally by Kirkland & Ellis and Craig Cavalier, while Cravath, Swaine & Moore and Thomas W. Bosse advised Cincinnati Bell. ABRY acquired CyrusOne in a 2007 LBO.