#Puerto Rico #San Juan #DigitalBridge #Cathexis Holdings #Yondr Group

Cathexis Completes $5.8 Billion Sale of Yondr Group

On July 2, 2025, Cathexis Holdings, L.P. announced the successful completion of a $5.8 billion deal, selling Yondr Group, a prominent global developer and operator of hyperscale data centers, to DigitalBridge Group, Inc. (NYSE: DBRG) and La Caisse (formerly known as CDPQ). This transaction not only showcases the robust growth and potential of Yondr but also reflects a lucrative exit strategy for Cathexis since its inception in 2018.

Background on Yondr Group

Yondr has established itself as a leader in data center solutions, serving the demanding needs of major technology firms. With over 420 megawatts (MW) of capacity currently committed, and plans for significant expansion that could push total capacity beyond 1 gigawatt (GW), Yondr is poised to meet the rising global demand for advanced data processing capabilities. This demand has been further amplified by the increasing reliance on cloud solutions and the rapid growth of artificial intelligence (AI).

William Harrison, the CEO of Cathexis, expressed his pride in Yondr's journey, highlighting its role as a critical infrastructure partner for many top tech companies. He stated, "I am proud to have supported Yondr on its journey since its formation in 2018. Yondr has become a vital infrastructure partner to many of the world's largest technology companies." Harrison believes that DigitalBridge and La Caisse are the ideal partners to navigate Yondr's next growth stage.

Strategic Leadership Changes

With the transition, new leadership will steer Yondr towards its future goals. Aaron Wangenheim has been appointed as the new CEO, while Sandip Mahajan takes on the role of CFO, bringing fresh perspectives to the company. The former leaders, Paul Cossell and Chester Reid, were acknowledged for their outstanding contributions to Yondr's achievements thus far. Harrison wished them success in their future endeavors while welcoming the new executives, emphasizing a collaborative approach with DigitalBridge and La Caisse to drive forward the company's vision.

Financial Advisory and Legal Support

Citi acted as Yondr's exclusive financial advisor during the transaction. White & Case LLP provided legal counsel, while PricewaterhouseCoopers took care of tax and accounting advisory services, ensuring that all aspects of the deal were handled professionally and efficiently.

About Cathexis Holdings

Founded in San Juan, Puerto Rico, Cathexis is a private investment holding company focused on various sectors, including real estate, energy, and data centers. Their investment philosophy prioritizes long-term growth, aligning closely with management teams and operating partners. This strategic approach allows them to leverage their flexible capital base and industry expertise effectively.

For further information about Cathexis and its strategic interests, interested parties may visit their official website at www.cathexis.com.

About Yondr Group

Yondr Group is committed to developing and operating hyperscale data centers that cater to the growing global demand for digital infrastructure. Their objective, marked by the slogan _'Global capacity responsible delivery'_, aligns with their vision for an unrestricted tomorrow powered by technology. For more details, you can check out www.yondrgroup.com.

This acquisition underscores the increasing importance of data center capabilities in a digitally transformed economy, making Yondr a significant player for potential future partnerships and growth. The investment from DigitalBridge and La Caisse signals confidence in Yondr’s capacity to navigate the evolving landscape of technology and data processing.