Apollo has announced that Apollo-managed infrastructure funds, 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.
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 long-term sustainable value for clients and to rapidly deploy cloud solutions in line with the growing demands of our select, blue-chip 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 Paul, 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.”
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