Cologix growth strategy gets $500m booster from Mubadala and Stonepeak
Abu Dhabi-based investment firm Mubadala Investment in collaboration with Stonepeak Infrastructure Partners has agreed to invest approximately $500 million in Cologix, a US network-neutral interconnection and data center firm.
The proceeds from the deal will enable Cologix to focus on infrastructure expansion to meet the increasing requirements of data center customers especially in both the US and Canada markets.
Bill Fathers – chairman and CEO of Cologix said: “Cologix has built a leadership position in the hyperscale, colocation and interconnection sector of this fast-growing industry across North America.
“We have ambitious plans for the future and by partnering with Mubadala we have additional growth capital that will enable us to get to the next level, build on an existing foundation of great clients, innovative technology and strong leadership.”
Stonepeak Infrastructure Partners will remain the majority shareholder in Cologix as part of the agreement.
Cologix secures $500m investment from Mubadala and Stonepeak. Photo courtesy of Mubadala Investment Company.
Brian McMullen – senior managing director of Stonepeak Infrastructure Partners said: “As a global strategic investor with deep expertise in the data center market, Mubadala can add real value to the business.
“We’re pleased to have entered into this partnership which will see significant growth capital injected into the company and enable Cologix to reach new milestones in its growth trajectory.”
Cologix offers hyperscale edge data center solutions from 28 prime interconnection hubs and five hyperscale facilities across 10 strategic markets in North America.
The facilities allow interconnection and operation of 450+ networks, six internet exchanges and 200+ cloud providers, including Amazon Web Services, Google Cloud Platform, Oracle Cloud, Windows Azure, and IBM Cloud, according to Mubadala.
Additionally, Cologix offers colocation and connectivity services for Fortune 500 companies.
Mounir Barakat – Executive Director of Mubadala ICT, said: “This investment marks an important milestone for Mubadala’s ICT business. Cologix is a high-quality company with robust fundamentals in an industry that is growing rapidly and positively impacting the lives of millions of people every day.”
“In Cologix, we are investing in a company that has a clear strategy to build upon its existing market leading position, and one that is led by an excellent management team with which to implement that strategy.”
The ICT portfolio of Mubadala consists of Hyperoptic, a UK-based broadband provider, Khazna Data Centers, Injazat Data Systems, Du, a UAE-based telecom company, and Yahsat, a satellite communications firm.