DigitalBridge is to acquire data centre developer Yondr. Alternative asset manager DigitalBridge Group announced it has reached an agreement to acquire Yondr Group through one of its managed investment funds.
The deal is expected to close in early 2025. Terms were not disclosed. Yondr will continue to operate as an independent company within DigitalBridge’s portfolio, which includes Vantage, Switch, DataBank, Scala, and others.
“Yondr’s assets and strong relationships with leading hyperscale clients align with DigitalBridge’s vision to support the future of digital infrastructure,” said Jon Mauck, Senior Managing Director at DigitalBridge.
“Yondr enhances our existing data centre portfolio and strengthens our ability to support hyperscalers. Together, we are well-positioned to capitalise on the increasing demand for hyperscale data centres – fueled by AI, cloud computing, and the ongoing digital transformation across industries.”
Headquartered in London and owned by single-family investment office Cathexis, Apollo Global Management, and Mubadala, Yondr is a developer, owner, and operator of data centres. The company currently has a contracted capacity of 878MW, with 58MW currently operational. The company has projects in Virginia, UK, Malaysia, Japan, Germany, and India.
Yondr has more than 420 MW of capacity committed to hyperscalers, with “significant” additional land to support a total potential capacity of over 1GW, according to DigitalBridge.
Citi served as Yondr’s exclusive financial advisor, with White & Case LLP as its legal counsel. DigitalBridge engaged Linklaters as legal advisors, Deloitte for financial and tax due diligence, Ramboll for technical expertise, and Nomura for financing support.
