REG - Cordiant Digital Inf - Completion of Belgian Data Centre Acquisitions

Cordiant Digital InfrastructureAnnouncement

03/03/2025 07:00

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RNS Number : 9458Y  Cordiant Digital Infrastructure Ltd  03 March 2025

3 March 2025

LEI:  213800T8RBBWZQ7FTF84

 

Cordiant Digital Infrastructure Limited

Completion of Belgian Data Centre Acquisitions

 

Cordiant Digital Infrastructure Limited (the "Company" or "CORD"), the
operationally focused investor specialising in digital infrastructure, managed
by Cordiant Capital Inc ("Cordiant", or the "Investment Manager"), is pleased
to announce that the acquisition by the Company of a 47.5% economic (50%
voting) interest in DCU Invest NV ("DCU Invest", or "Datacenter United") and
the linked acquisition by DCU Invest of the entire share capital of Datacenter
United Brussels NV, the owner of the data centre business of Proximus Group
(together the "Transactions"), have both closed.

The Transactions create a business (the "Combined Group") consisting of 13
data centres across 11 locations in Belgium with circa13 MW of IT capacity.

Following closing of the Transactions, TINC, the Belgian infrastructure
investor, continues to hold 47.5% of the economic (50% voting) interest in the
share capital of DCU, and DCU's chief executive officer, Friso Haringsma,
holds a 5.0% (non-voting) interest. The Investment Manager is continuing to
explore investment alongside the Company by a separate Cordiant-managed fund.

 

For further information, please visit www.cordiantdigitaltrust.com
(http://www.cordiantdigitaltrust.com) or contact:

 Cordiant Capital Inc.                                    +44 (0) 20 7201 7546

 Investment Manager

 Stephen Foss, Managing Director
 Aztec                                                    +44 (0) 1481 749700

 Company Secretary and Administrator

 Chris Copperwaite / Laura Dunning
 Celicourt                                                +44 (0) 20 7770 6424

 PR Adviser

 Philip Dennis / Ali AlQahtani / Charles Denley-Myerson

 

About the Company

 

Cordiant Digital Infrastructure Limited primarily invests in the core
infrastructure of the digital economy: data centres; fibre-optic networks;
telecommunications and broadcast towers - in Europe and North America. Further
details about the Company can be found on its website at
www.cordiantdigitaltrust.com.

 

The Company is a sector-focused specialist owner and operator of Digital
Infrastructure, listed on the London Stock Exchange under the ticker CORD. In
total, the Company has successfully raised £795 million in equity, along with
a €375 million debt package comprising a €200 million Eurobond and €175
million of committed capex and revolving facilities, deploying capital into
six acquisitions: CRA, Hudson Interxchange, Emitel, Speed Fibre, Norkring and
Datacenter United, which together offer stable, often index-linked income, and
the opportunity for growth, in line with the Company's Buy, Build & Grow
model.

 

About the Investment Manager

Cordiant Capital Inc is a specialist global infrastructure and real assets
manager with a sector-led approach to providing growth capital solutions to
promising mid-sized companies in Europe, North America and selected global
markets. Since the firm's relaunch in 2016, Cordiant, a partner-owned and
partner-run firm, has developed a track record of exceeding mandated
investment targets for its clients.

 

Cordiant focuses on the next generation of infrastructure and real assets:
sectors (digital infrastructure, energy transition infrastructure and the
agriculture value chain) characterised by growth tailwinds and technological
dynamism. It also applies a strong sustainability and ESG overlay to its
investment activities.

 

With a mix of managed funds offering both value-add and core strategies in
equity and direct lending, Cordiant's sector investment teams (combining
experienced industry executives with traditional private capital investors)
work with investee companies to develop innovative, tailored financing
solutions backed by a comprehensive understanding of the sector and
demonstrated operating capabilities. In this way, Cordiant aims to provide
value to investors seeking to complement existing infrastructure equity and
infrastructure debt allocations.

 

About Datacenter United

Datacenter United is a market leading Tier III/IV data centre operator based
in Belgium. The group operates 9 data centres across 8 locations in the
Flanders region, with a strong presence in Antwerp, Ghent and Bruges. The
group has an experienced management team led by Friso Haringsma.

About Datacenter United Brussels NV

Datacenter United Brussels NV is the newly incorporated entity which will hold
the Tier III Brussels data centre assets currently owned by Proximus, the
market leading telecommunications operator in Belgium. The business has 4 data
centres in 3 locations, all around the Brussels region. Proximus remains a key
customer of the business under a new 10-year index-linked contract with two
5-year extensions.

 

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