#USA #San Juan #Yondr #DigitalBridge #Cathexis

Cathexis Completes the Sale of Yondr Group

Cathexis Holdings, L.P. has successfully concluded the sale of Yondr Group, a prominent global developer, owner, and operator of hyperscale data centers, to DigitalBridge Group, Inc. and La Caisse for a total of $5.8 billion. This deal not only marks a significant milestone in Cathexis's corporate journey but also accelerates Yondr's growth strategy as it continues to meet the increasing demands of tech giants for advanced data processing capabilities.

Background of the Sale

Founded in 2018, Yondr has quickly positioned itself as a key player in the data center sector, catering to the unique requirements of hyperscale clients. The company's infrastructure provides over 420 MW of capacity to hyperscale providers, with an impressive potential to exceed 1 GW of total capacity, empowering it to support the relentless growth of cloud computing and AI solutions.

"I take great pride in guiding Yondr since its inception. It has evolved into a critical partner for many of the world’s leading tech companies. I believe that DigitalBridge and La Caisse are ideally suited to accompany Yondr in its next growth phase," commented William Harrison, CEO of Cathexis. His sentiments echo the successful transformation Yondr has undergone, turned into a robust infrastructure partner for significant stakeholders in the technology sector.

Leadership Transition and Growth Insights

Harrison specifically thanked former CEO Paul Cossell and CFO Chester Reid for their exceptional leadership, emphasizing their contributions to positioning Yondr for this next stage under new ownership. As Yondr embarks on this new chapter, leadership responsibilities will transition to appointed CEO Aaron Wangenheim and CFO Sandip Mahajan, who are tasked with steering the company alongside DigitalBridge and La Caisse into exciting new developments.

The partnership is expected to enhance Yondr’s ability to expand its offerings and further solidify its status as a leader in data center infrastructure amid the surging demand stemming from digital transformations, cloud adoption, and an accelerating shift towards AI applications.

Market Trends Driving Demand

The hyperscale data center market continues to exhibit robust growth, fueled by extensive digital transformation efforts across industries. The proliferation of cloud computing, driven by businesses' insatiable need for processing power and storage capability, is reshaping how companies operate and scale their infrastructures. Yondr is capitalizing on these trends, positioning itself as a critical enabler of digital progress.

As businesses strive to harness the full potential of digital innovation, the imperative for advanced, scalable data support becomes essential. Yondr’s comprehensive solutions will be at the forefront of supporting the digital ambitions of leading corporations worldwide.

Conclusion

This strategic divestiture marks a successful exit for Cathexis, reinforcing its investment philosophy centered on value and opportunistic growth. Through its activities, Cathexis continues to focus on direct investments across various sectors, including contracting, real estate, energy, and venture capital.

Moving forward, stakeholders will be keen to observe how DigitalBridge and La Caisse will leverage their resources and expertise to elevate Yondr to new heights, aligning with industry trends and the burgeoning demand for state-of-the-art data centers.

For additional information about Cathexis and its investment strategies, visit www.cathexis.com. For insights on Yondr Group and its operations, check out www.yondrgroup.com.