PROCEEDS FROM THE INVESTMENT WILL BE UTILISED TO FURTHER YONDR ’ S GROWTH AMBITIONS IN SUPPORT OF CLIENT DEMAND . intelligent INFRASTRUCTURE
Apollo Funds announces structured investment in Yondr
Apollo has announced that Apollo-managed infrastructure (‘ Apollo Funds ’) has agreed to provide a significant capital commitment to Yondr Group via a structured instrument as the first step in a broader partnership . Proceeds from the investment will be utilised to further Yondr ’ s growth ambitions in support of client demand for its differentiated service proposition as Apollo and Yondr partner to facilitate the continued buildout of Yondr ’ s portfolio of hyperscale data centre facilities . In connection with the investment , Apollo Partners , Trevor Mills and Andrew Kirby , will join Yondr ’ s board of directors .
Yondr , wholly owned by Cathexis Group , is a recognised global leader in developing , owning and operating build-to-suit hyperscale data centres , primarily in Europe and the Americas . The company operates a single-tenant , build-to-suit data centre strategy , benefitting from key strategic partnerships across the globe which support development and speed to market . Yondr owns and operates a hyperscale data centre in the Netherlands with four additional sites in construction across Europe and the US expected to come online between 2024 and 2025 , all of which are fully contracted with large , investment-grade counterparties . rapidly deploy cloud solutions in line with the growing demands of our select , bluechip client base .”
Apollo Partners , Trevor Mills and Andrew Kirby , added : “ With increasing global demand for hyperscale data centre capacity , we believe that nimble , proven build-to-suit players , like Yondr , are well positioned for sustainable growth . Yondr has rapidly developed a leading position in the global hyperscale sector since its inception in 2019 and we are pleased to support , the management team and Cathexis as they scale to meet the growing demand of their customer base . We are looking forward to our role as board members as part of a long-term , wide-ranging partnership to help support their continued success .”
Dylan Foo , Head of Global Infrastructure at Apollo , said : “ We believe this transaction demonstrates our ability to navigate complexity amid continued economic uncertainty and structure an attractive , tailored investment which supports the needs of both Yondr and Apollo Funds . We look forward to supporting Yondr ’ s continued expansion while pursuing the high-growth secular trend of global cloud adoption .” �
PROCEEDS FROM THE INVESTMENT WILL BE UTILISED TO FURTHER YONDR ’ S GROWTH AMBITIONS IN SUPPORT OF CLIENT DEMAND . intelligent INFRASTRUCTURE
It has advanced plans to continue scaling its portfolio of build-to-suit hyperscale data centres with the support of Apollo to meet the rapidly growing needs of its high-quality customer base , with a continued focus on speed to market , top-tier facility design and performance while leveraging the company ’ s local expertise .
“ Apollo ’ s support of our global growth ambitions is truly exciting for us at Yondr ,” said Paul Cossell , CEO at Yondr Group . “ This allows us to create longterm sustainable value for clients and to
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