Cordiant acquires DataGryd in US, Emitel in Poland for combined $551m datacenterdynamics.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from datacenterdynamics.com Daily Mail and Mail on Sunday newspapers.
Riding the tailwinds
5h | Melanie Mingas After its £370 million IPO in February, Cordiant Capital is assessing a pipeline of €1.5 billion in digital infra investments. Chairman of digital infrastructure, Steven Marshall, tells Melanie Mingas about the plans
When Cordiant Digital Infrastructure launched the UK’s first digital infrastructure fund the target was to raise £300 million in private equity to invest in data centres, towers and fibre.
A first for the UK – and a departure from the debt-driven private capital model traditionally pursued by investment manager Cordiant Capital – the strategy would leverage the runaway data consumption trends witnessed across the UK, US, Europe and Canada; trends Cordiant views as economic headwinds that could last a decade or more.
New UK infrastructure funds snaps up assets in Czechia and Norway Details
Topic
The infrastructure-investor rush into Europe continues. A new UK investment trust, Cordiant Digital Infrastructure, has made its first two investments: a mobile tower business in Czechia (the Czech Republic) and a fibre network in Norway.
Cordiant Digital Infrastructure is an offshoot of Cordiant Capital which has an established presence in the telecoms. It set up the new fund to address the infrastructure side of the business and the long-term, steady returns such assets are expected to provide.
First steps into Europe
Cordiant Digital Infrastructure paid £451 million (€522.23 million) for telecoms and TV towers firm České Radiokomunikace (CRA) and an anonymous Norwegian fibre network plus land.
Montreal s Cordiant Capital launches British fund to buy digital infrastructure assets theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.