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Mubadala Investment Company and Stonepeak announce deal to sell Cologix to accelerate market growth

Mubadala Investment Company and Stonepeak announce deal to sell Cologix to accelerate market growth

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Mubadala Investment Company and Stonepeak, an investment firm specialising in infrastructure and real assets, have announced an agreement to sell Cologix – the largest private interconnection and hyperscale edge platform in North America. The transaction is expected to close in early 2022.

Cologix will be transferred from Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to another Stonepeak-managed vehicle comprising a combination of some existing Fund II investors and a number of new third-party investors.

Mubadala has been a co-investor in Cologix with Stonepeak Fund II LP since January 2020. This partnership has fuelled further growth, both organic and inorganic via mergers and acquitions to make Cologix a premier interconnection and hyperscale edge platform. Since 2017, Cologix has invested approximately US$1 billion of incremental capital in building out the company’s footprint through various organic and inorganic initiatives.

Cologix is North America’s leading network-neutral interconnection and hyperscale edge data centre company with more than 600 networks and over 300 cloud providers across the platform. The company provides critical IT infrastructure to more than 1,600 customers through its operations that span 40 interconnection and hyperscale data centres in 11 North American markets.

“Our success as a leading investor lies in our ability to identify uniquely-placed quality businesses to venture into, and equally importantly, assess monetisation opportunities to ensure that we maintain significant capital growth and a healthy portfolio of business investments. We firmly believe that our involvement with Cologix ticked all those boxes from the outset and we are pleased to have contributed to this successful partnership,” said Khaled Al Qubaisi, Chief Executive Officer, Real Estate and Infrastructure Investments, Mubadala.

Mounir Barakat, Executive Director of Digital Infrastructure Investments at Mubadala, said: “Mubadala is very proud of its positive involvement in the latest chapter of Cologix’s journey and of the collaborative and constructive engagement with Stonepeak. Most of all, we enjoyed our collaborations and work with the board, its management and the wonderful team at Cologix, and wish them all the best on the next stage of their transformational journey.”

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