REG - Cordiant Digital Inf - Syndication of investment in Datacenter United

Cordiant Digital InfrastructureAnnouncement

24/07/2025 07:00

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RNS Number : 2857S  Cordiant Digital Infrastructure Ltd  24 July 2025

LEI: 213800T8RBBWZQ7FTF84

24 July 2025

 

CORDIANT DIGITAL INFRASTRUCTURE LIMITED

 

SYNDICATION OF INVESTMENT IN DATACENTER UNITED

 

Cordiant Digital Infrastructure Limited (the Company or CORD), the
operationally focused, specialist digital infrastructure investor, managed
by Cordiant Capital Inc (Cordiant or the Investment Manager), is pleased to
confirm that, as anticipated at the time of announcing the acquisition of
Datacenter United (DCU) in October 2024, it is syndicating part of its
investment in DCU to another fund managed by Cordiant.

 

The Cordiant-managed fund, a separately managed account for a Western European
institutional investor, is acquiring a €20 million economic interest in DCU
from the Company through the subscription of shares in and the acquisition of
shareholder loan notes from CORD's holding company for DCU. In line with the
agreement made upon signing of the acquisition of DCU by the Company, the
syndication has been priced at CORD's original acquisition cost. Following
this syndication, the Company will hold a 37.4% underlying economic interest
in DCU, and the Cordiant-managed fund will hold a 10.1% underlying economic
interest. The Company's key governance and voting rights with respect to DCU
are not diluted by this syndication and Cordiant will continue to manage the
collective 47.5% economic (50% voting) interest in DCU. The other shareholders
in DCU are TINC, the specialist Belgian infrastructure investor, which has a
47.5% economic (50% voting) interest and Friso Haringsma, the CEO of DCU, who
has a 5% (non-voting) interest.

 

The proceeds of this syndication are intended to partially repay the Company's
outstanding revolving credit facility and can be redeployed in accordance with
the Company's capital allocation strategy. The participation of the
Cordiant-managed fund facilitates potential future equity funding for DCU to
support continued growth and development of the business.

 

Steven Marshall, executive chairman of Cordiant Digital Infrastructure
Management, said:

"We are pleased to be completing the Company's first syndication of one of its
portfolio assets, enabling CORD to recycle its balance sheet and redeploy
capital to generate further returns. Cordiant will retain management of the
collective 47.5% economic (50% voting) interest in DCU, enabling the Company
to continue benefiting from the Investment Manager's operational expertise and
experience in the sector. This transaction also provides a model for future
syndications to support growth and diversification of the Company's portfolio
of assets."

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

 

 Cordiant Capital Inc.                                +44 (0)20 3814 5939

 Investment Manager                                   CordiantDigitalTrust@cordiantcap.com

                                                    (mailto:CordiantDigitalTrust@cordiantcap.com)
 Stephen Foss, Managing Director

 Aztec Financial Services (Guernsey) Limited          +44 (0) 1481 74 9700

 Company Secretary and Administrator                  cord@aztecgroup.co.uk (mailto:cord@aztecgroup.co.uk)

 Chris Copperwaite/Laura Dunning

 Investec Bank plc                                    +44 (0) 20 7597 4000

 Joint Corporate Broker

 Tom Skinner (Corporate Broking)

 Lucy Lewis / Denis Flanagan (Corporate Finance)

 Deutsche Numis                                       +44 (0) 20 7260 1000

 Joint Corporate Broker

 Hugh Jonathan / George Shiel

 Celicourt                                            +44 (0)20 7770 6424

 Public Relations Advisor                              CDI@celicourt.uk (mailto:CDI@celicourt.uk)

 Philip Dennis/Ali AlQahtani/Charles Denley-Myerson

 

 

Notes to Editors:

 

About the Company

 

Cordiant Digital Infrastructure Limited (the Company) 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 (http://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, Emitel, Speed Fibre, Belgian Tower Company and
Datacentre 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 (Cordiant) 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 DCU

 

DCU entered the portfolio in February 2025 and is the sixth platform asset
acquired by the Company since its launch in 2021 and is consistent with the
Company's investment strategy of buying cash flow generating businesses
capable of growth under the Buy, Build & Grow model. DCU has 13MW of IT
power, split across 13 data centres in 11 locations in Belgium. DCU has
capacity expansion potential of an additional 11MW, most of which could be
built across the existing sites.

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