DigitalBridge Group, a global alternative asset manager dedicated to investing in digital infrastructure, has announced that it has reached an agreement to acquire Yondr Group a global developer and operator of hyperscale data centres, through one of its managed investment funds.
With a diverse portfolio of campuses, says DigitalBridge, Yondr is well-positioned to meet the soaring demand for advanced data processing capabilities driven by ongoing digital transformation, the shift to cloud solutions, and the rise of artificial intelligence (AI).
The company has more than 420MW of capacity committed to hyperscalers, with significant additional land to support a total potential capacity of over 1GW.
The DigitalBridge Fund’s strategic investment will, says DigitalBridge, drive the development of cutting-edge, sustainable data centres, backed by long-term, stable revenue streams from investment-grade clients.
Yondr Group’s news in recent years from developing markets includes, in 2022, a planned 200MW hyperscale campus in Malaysia and, in 2021, a strategic joint venture partnership with Singapore-based Everstone Group to fund the development and operation of multi-locational hyperscale data centre business across important geographies in India.
In addition, earlier this year it announced the launch of what it calls “an ambitious sustainability plan”, which includes a target to achieve net zero by 2030 for scope 1 and 2 carbon emissions.
DigitalBridge Group has also been involved in Asian markets. In late 2022 it announced the acquisition of an ownership stake in AIMS Group from Malaysian telecoms firm TIME dotcom and the formation of an edge data centre platform focused on the high-growth markets of the Southeast Asia region.
Jon Mauck, Senior Managing Director at DigitalBridge, says: "Yondr enhances our existing data center portfolio and strengthens our ability to support hyperscalers. Together, we are well-positioned to capitalise on the increasing demand for hyperscale data centres – fuelled by AI, cloud computing, and the ongoing digital transformation across industries."
Yondr will continue to operate as an independent company within DigitalBridge’s portfolio, leveraging DigitalBridge’s support, expertise, and experience. This partnership will enhance Yondr’s ability to serve its clients more effectively while accelerating global expansion efforts.
The deal is expected to close in early 2025, subject to customary closing conditions.
