#USA #San Juan #DigitalBridge #Cathexis Holdings #Yondr Group

Cathexis Concludes Multi-Billion Dollar Sale

In a pivotal move within the tech infrastructure landscape, Cathexis Holdings, L.P. has announced the successful completion of the sale of Yondr Group to DigitalBridge Group, Inc. and La Caisse, totaling $5.8 billion. This landmark transaction, officially disclosed on July 2, 2025, marks a significant exit for Cathexis, which initially established Yondr in 2018.

Located in San Juan, Puerto Rico, Yondr is recognized globally as a leading developer and operator of hyperscale data centers, addressing the escalating demand from the largest technology firms worldwide. The urgency for advanced data processing capabilities has prompted Yondr to commit over 420 megawatts (MW) of capacity, with prospects for additional land that could bring potential capacity up to 1 gigawatt (GW). This strategic positioning allows Yondr to effectively cater to the burgeoning needs entailed by digital transformation, cloud solutions expansion, and the rapid rise of artificial intelligence (AI).

William Harrison, CEO of Cathexis, expressed his pride in supporting Yondr since its inception. He emphasized, “Yondr has become a vital infrastructure partner for many of the world’s largest tech companies, and I believe DigitalBridge and La Caisse are the right partners to support Yondr in its next phase of growth.” Harrison also extended gratitude to former Yondr executives Paul Cossell and Chester Reid for their leadership, which he credits with positioning Yondr for its new ownership dynamics.

As part of this transition, Aaron Wangenheim has been appointed CEO of Yondr, with Sandip Mahajan stepping in as CFO. The announcement stirred anticipation about Yondr's future endeavors under its new leadership, especially as it navigates this exciting growth phase with DigitalBridge and La Caisse.

The Role of Financial Advisors

In this transaction, Citi served as the exclusive financial advisor, while White & Case LLP provided legal counsel. PricewaterhouseCoopers was engaged for taxation and accounting services, underpinning the complexity and significance of the deal. These strategic roles highlight the comprehensive preparations that preceded the sale, aimed at ensuring maximum value and a smooth transition for both parties involved.

About Cathexis and Yondr Group

Cathexis is a private investment holding company based in Puerto Rico, focusing on value-oriented and opportunistic investments, particularly in private equity, growth stocks, and venture capital. Their investment strategy emphasizes direct involvement in opportunities spanning contracts, real estate, energy, data centers, and venture capital. With a long-term horizon and deep sector expertise, Cathexis positions itself to leverage its flexible capital base to drive successful outcomes.

Yondr Group, on the other hand, specializes in developing and managing scalable infrastructure tailored for hyperscale data needs, with a mission focused on 'Global capacity responsible delivery.' As it transitions under the new ownership, Yondr aims to elevate its already significant role within the data center space, contributing to a future where data processing capabilities know no bounds.

The Implications of the Sale

This sale clearly indicates the growing market demand for data center capabilities as technologies evolve. As businesses increasingly rely on digital solutions, the infrastructure behind these advancements plays a crucial role. Yondr's successful transition illustrates not only a financial achievement for Cathexis but also represents a broader trend of consolidation and expansion within the tech sector. With the backing of strong partners like DigitalBridge and La Caisse, Yondr is well-positioned to remain at the forefront of the data center revolution, enhancing its offerings in a competitive market.

Moving Forward

As the industry looks ahead, stakeholders will undoubtedly be monitoring how this acquisition influences Yondr's strategic direction and operational capabilities. The synergy between Yondr's infrastructure expertise and its new owners' resources could potentially redefine standards in the data processing landscape, setting a precedent for future endeavors within the sector. Stakeholders and industry experts alike are eager to see how Yondr will utilize its newly acquired strength to meet the demands of an increasingly data-driven world.