13 January 2025
LEI:
213800T8RBBWZQ7FTF84
Cordiant Digital
Infrastructure Limited
Update on Belgian Data Centre
Acquisitions
Cordiant Digital Infrastructure
Limited (the "Company" or "CORD"), an operationally focused
investor specialising in digital infrastructure, managed by
Cordiant Capital Inc ("Cordiant", or the "Investment Manager"), is
pleased to announce that the acquisition by the Company and another
fund managed by Cordiant of a 47.5%¹ economic interest in DCU
Invest NV ("DCU Invest", or "Datacenter United") and the
combination of DCU Invest with the data centre business of Proximus
Group, DCU Brussels NV (together the "Transactions"),
previously announced on 25 October 2024, have received the required
regulatory approvals.
The Transactions have been approved
under foreign direct investment legislation in Belgium by the
Interfederal Screening Authority and cleared by the Competition and
Consumer Protection Commission in Ireland, a requirement arising as
result of the turnover of the acquiring parties in
Ireland.
The remaining conditions to closing
relate to the transfer of the relevant businesses and the closing
of both Transactions. The Transactions remain on track to close as
expected in Q1 2025.
¹ The Company's economic interest is
expected to be 37.2% with the other Cordiant managed fund holding
the remaining 10.3%. The total voting
interest being acquired is 50%.
For
further information, please visit www.cordiantdigitaltrust.com
or
contact:
|
Cordiant Capital Inc.
Investment Manager
Stephen Foss, Managing
Director
|
+44 (0) 20 7201 7546
|
|
Aztec
Company Secretary and
Administrator
Chris Copperwaite / Laura
Dunning
|
+44 (0) 1481 749700
|
|
Celicourt
PR Adviser
Philip Dennis / Ali AlQahtani /
Charles Denley-Myerson
|
+44 (0) 20 7770 6424
|
About the
Company
Cordiant Digital Infrastructure
Limited primarily invests in the core infrastructure of the digital
economy: data centres; fibre-optic networks; telecommunications and
broadcast towers - in Europe and North America. Further details
about the Company can be found on its website at
www.cordiantdigitaltrust.com.
The Company is a sector-focused
specialist owner and operator of Digital Infrastructure, listed on
the London Stock Exchange under the ticker CORD. In total, the
Company has successfully raised £795 million in equity, along with
a €375 million debt package comprising a €200 million Eurobond and
€175 million of committed capex and revolving facilities, deploying
capital into five acquisitions: CRA, Hudson, Emitel, Speed Fibre
and Norkring, which together offer stable, often index-linked
income, and the opportunity for growth, in line with the Company's
Buy, Build & Grow model.
About the Investment
Manager
Cordiant Capital Inc is a specialist
global infrastructure and real assets manager with a sector-led
approach to providing growth capital solutions to promising
mid-sized companies in Europe, North America and selected global
markets. Since the firm's relaunch in 2016, Cordiant, a
partner-owned and partner-run firm, has developed a track record of
exceeding mandated investment targets for its clients.
Cordiant focuses on the next
generation of infrastructure and real assets: sectors (digital
infrastructure, energy transition infrastructure and the
agriculture value chain) characterised by growth tailwinds and
technological dynamism. It also applies a strong sustainability and
ESG overlay to its investment activities.
With a mix of managed funds offering
both value-add and core strategies in equity and direct lending,
Cordiant's sector investment teams (combining experienced industry
executives with traditional private capital investors) work with
investee companies to develop innovative, tailored financing
solutions backed by a comprehensive understanding of the sector and
demonstrated operating capabilities. In this way, Cordiant aims to
provide value to investors seeking to complement existing
infrastructure equity and infrastructure debt
allocations.
About Datacenter
United
Datacenter United is a market
leading Tier III/IV data centre operator based in Belgium. The
group operates 9 data centres across 8 locations in the Flanders
region, with a strong presence in Antwerp, Ghent and Bruges. The
group has an experienced management team led by Friso
Haringsma.
About DCU
Brussels
DCU Brussels NV is the newly
incorporated entity which will hold the Tier III Brussels data
centre assets currently owned by Proximus, the market leading
telecommunications operator in Belgium. The business has 4 data
centres in 3 locations, all around the Brussels region. Proximus
remains a key customer of the business under a new 10-year
index-linked contract with two 5-year extensions.
