3 March 2025
LEI:
213800T8RBBWZQ7FTF84
Cordiant Digital
Infrastructure Limited
Completion of Belgian Data
Centre Acquisitions
Cordiant Digital Infrastructure
Limited (the "Company" or "CORD"), the 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 of a 47.5%
economic (50% voting) interest in DCU Invest NV ("DCU Invest", or
"Datacenter United") and the linked acquisition by DCU Invest of
the entire share capital of Datacenter United Brussels NV, the
owner of the data centre business of Proximus Group (together the
"Transactions"), have both closed.
The Transactions create a business
(the "Combined Group") consisting of 13 data centres across 11
locations in Belgium with circa13 MW of IT capacity.
Following closing of the
Transactions, TINC, the Belgian infrastructure investor, continues
to hold 47.5% of the economic (50% voting) interest in the share
capital of DCU, and DCU's chief executive officer, Friso Haringsma,
holds a 5.0% (non-voting) interest. The Investment Manager is
continuing to explore investment alongside the Company by a
separate Cordiant-managed fund.
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 six acquisitions: CRA, Hudson Interxchange, Emitel,
Speed Fibre, Norkring and Datacenter United, 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 Datacenter United
Brussels NV
Datacenter United 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.