Mubadala Investment Company has partnered with Apollo to invest in Yondr Group, a hyperscale data centre developer, as part of its expanding digital infrastructure portfolio.
Abu Dhabi’s sovereign investor – Mubadala Investment Company, has invested in Yondr Group, a hyperscale data centre developer. Mubadala made this investment, with Apollo, through an existing investment from Apollo-managed funds.
Mubadala’s investment will support Yondr’s ambitious growth strategy, which has been developed in response to the rapid demand for hyperscale data centres.
Mounir Barakat, Senior Executive Director of Digital Infrastructure at Mubadala Investment Company, said, “This investment marks an exciting addition to Mubadala’s rapidly expanding digital infrastructure portfolio. We are witnessing a strong growth in demand for hyperscale data centres in response to the rising data demands from AI adoption, 5G and IoT, and Yondr will play a key part in providing solutions for some of the world’s fastest growing corporations.”
“We look forward to working closely with Yondr and our investment partners to develop world-class solutions that create long-term value for their customers and stakeholders.”
Yondr, headquartered in London, is a global developer, owner, and operator of hyperscale data centres. The company provides scalable data centre infrastructure for major blue chip technology players and has a contracted and reserved capacity of 878MW, with 58MW currently operational.
Global cumulative data centre demand is expected to grow at an 11% Compound Annual Growth Rate (CAGR) by 2032, driven by advancements in artificial intelligence (AI), 5G technology, and the Internet of Things (IoT).
The investment builds on Mubadala’s rapidly growing portfolio of leading global data centre assets under its digital infrastructure portfolio. In 2023, Mubadala invested in Aligned Data Centers, a leading pan-Americas data centre company headquartered in the US that provides both Scale Data Centers (colocation) and Build-to-Suit solutions to support global hyperscale and enterprise customers.
Additionally, in 2022, Mubadala invested in Princeton Digital Group, a leading pan-Asian data centre company focused on expanding world-class data centre services to meet increasing demand across Asia.
Mubadala is also investing in major global fibre network providers such as the UK’s CityFibre and GlobalConnect, a fibre-based data communication and data centre service provider to enterprises across Northern Europe.
Chester Reid, Yondr’s Chief Financial Officer, added, “We are pleased to welcome Mubadala as a key financial partner. With their additional support, we are well-positioned to accelerate our growth and continue delivering sustainable data centre solutions to our clients worldwide, meeting the increasing demand for capacity.”
Aligned with Mubadala’s responsible investing mandate, Yondr is committed to achieving net zero greenhouse gas emissions by 2030. This commitment involves reducing emissions across all its data centres through energy-efficient technologies and using renewable energy to power its infrastructure.
