Linklaters has advised DigitalBridge, a leading global alternative asset manager dedicated to investing in digital infrastructure, on the acquisition of Yondr Group, a global developer, owner and operator of hyperscale data centres, through one of its managed investment funds.
Yondr has established itself as a key player in the digital infrastructure sector, addressing the complex data centre capacity demands of the world’s largest technology companies through the delivery of sustainable data centres worldwide.
With a diverse portfolio of campuses, 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.
Yondr will continue to operate as an independent company within DigitalBridge’s portfolio, leveraging DigitalBridge’s support, expertise, and experience.
The deal is expected to close in early 2025, subject to customary closing conditions.
David Martin, Co-Head of Linklaters’ Telecoms, Media and Business Services sector, comments:
“We are delighted to have advised DigitalBridge on another significant transaction. It highlights the rapidly evolving nature of the digital infrastructure sector. Yondr has set benchmarks in sustainably addressing the soaring demands of hyperscale data centers, and with the backing of DigitalBridge, it is well-positioned for substantial global expansion.”
The cross-border and multi-practice Linklaters team was led by Financial Sponsors partners David Martin (co-head of the firm’s Telecoms, Media and Business Services sector team), and Alex Lehtinen, and managing associate Ksenija Brajovic, supported by Tax partner Jamie Coomber, Leveraged Finance partner Daniel Peach, Energy & Infrastructure partner Ross Schloeffel, managing associate Alexander Selig and associates John Dai, Natalie Mirams, Leon Ng and Zoé Giovanetti (all London). They were supported by Singapore TMT Partner Alaister Johnson and Frankfurt Corporate counsel Nikita Selivanov.
Other team members included:
- Tax: Managing associate Jack Harrison (London)
- Real Estate: Counsel Yelena Nersesyan (NYC), managing associate Jack Shand (London) and associate Falk Mahdi (Munich)
- TMT: Managing associate Jia-Yi Tay and associate Jeremy Teo (both Singapore)
- Banking: Associate Shruti Subramaniam (London)
- Energy & Infrastructure: Associates Jared Ovsiowitz and Will Morton
- Employment & Incentives: Partners Sinead Casey and Bradley Richardson, with managing associates Rachel Morgan and Ben McCarthy, and associate Irfan Allana (all London)
- Restructuring & Insolvency: Partner Richard Hodgson, with managing associate Ewan Smith (both London)
This is the latest transaction that the firm has advised DigitalBridge on, previous deals include:
- Advising DigitalBridge and Vantage Data Centers on the completion of a $9.2bn equity investment in Vantage, led by investment vehicles managed by DigitalBridge and Silver Lake
- Advising DigitalBridge and Vantage Data Centers on AustralianSuper’s €1.5bn investment in Vantage’s EMEA platform
