Cathexis Achieves Major Milestone with Yondr Group Sale
Major Success in the Data Center Sector
Cathexis Holdings, L.P. has proudly announced a significant achievement with the completion of the $5.8 billion sale of Yondr Group—an innovative leader in the hyperscale data center arena. This landmark transaction marks a successful exit for Cathexis, which played a vital role in founding Yondr back in 2018.
Yondr’s Impact in the Digital Infrastructure Landscape
Yondr Group has established itself as a key player in the global market, specializing in the development and management of hyperscale data centers. These facilities meet the demanding needs of some of the world’s largest technology companies. With over 420 megawatts of capacity currently allocated and plans for future expansion, Yondr is positioned to harness the surging demand for advanced data processing capabilities bolstered by the rise of cloud services and artificial intelligence.
Leadership Transition and Future Outlook
William Harrison, CEO of Cathexis, expressed his pride in supporting Yondr on its transformative journey. He emphasized that Yondr has grown into an essential partner for major tech firms, and he trusts that DigitalBridge and La Caisse will help usher the company into its next phase of growth. Harrison took a moment to acknowledge the former leadership, including Paul Cossell and Chester Reid, for their instrumental roles in the company's success. He also expressed enthusiasm for arriving executives Aaron Wangenheim and Sandip Mahajan, welcoming their leadership as the company continues to evolve under new ownership.
Strategic Partnerships and Advisory Support
The transaction was guided by top industry professionals. Citi acted as Yondr’s exclusive financial advisor, while White & Case LLP provided legal expertise. PricewaterhouseCoopers contributed as their tax and accounting advisor, ensuring every detail of the transaction was meticulously handled.
About Cathexis Holdings
Cathexis is a private investment holding company known for its value-oriented investment strategy. Focused on private equity, growth equity, and venture capital, Cathexis invests directly in various sectors, including energy, real estate, and data centers. The firm believes that aligning closely with management teams and having a flexible capital structure is crucial to achieving growth targets and long-term success.
Insights into Yondr Group’s Future
As a global developer, owner, and operator of hyperscale data centers, Yondr Group’s mission is to provide dedicated infrastructure capable of meeting the unrestricted demands of the modern digital landscape. The firm is committed to responsible planning and delivering solutions that cater to its broad range of clients.
Looking Ahead
The completion of this landmark sale marks a new chapter for both Cathexis and Yondr Group. With the foundation laid for continued growth and innovation, the future looks incredibly promising for Yondr under the new stewardship of DigitalBridge and La Caisse.
Frequently Asked Questions
What was the sale price for Yondr Group?
The Yondr Group was sold for $5.8 billion to DigitalBridge and La Caisse.
Who was involved in the leadership transition at Yondr?
Aaron Wangenheim was appointed as the new Chief Executive Officer, while Sandip Mahajan took on the role of Chief Financial Officer.
What role did Cathexis play in Yondr’s development?
Cathexis founded Yondr in 2018 and played a significant role in its growth into a hyperscale data center provider.
Which companies were advisors during the transaction?
Citi served as the financial advisor, White & Case LLP was the legal counsel, and PricewaterhouseCoopers handled tax and accounting advice.
What markets does Cathexis invest in?
Cathexis primarily invests in private equity, growth equity, venture capital, real estate, energy, and data center opportunities.
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