DigitalBridge has reached an agreement to acquire Yondr Group through one of its managed investment funds.

Yondr has more than 420 MW of capacity committed to hyperscalers, with additional land to support expansion to a total capacity of over 1 GW.

DigitalBridge has said its fund’s investment “will drive the development of cutting-edge, sustainable data centres, backed by long-term, stable revenue streams from investment-grade clients.”

Yondr will continue to operate as an independent company under the umbrella of DigitalBridge’s portfolio.

“Yondr’s assets and strong relationships with leading hyperscale clients align with DigitalBridge’s vision to support the future of digital infrastructure,” said Jon Mauck, Senior Managing Director at DigitalBridge.

“Yondr enhances our existing data center portfolio and strengthens our ability to support hyperscalers. Together, we are well-positioned to capitalize on the increasing demand for hyperscale data centres – fuelled by AI, cloud computing, and the ongoing digital transformation across industries.”

The deal is expected to close in early 2025, subject to customary closing conditions.

Citi served as Yondr’s exclusive financial advisor, with White & Case LLP as its legal counsel. DigitalBridge engaged Linklaters as legal advisors, Deloitte for financial and tax due diligence, Ramboll for technical expertise, and Nomura for financing support.