Cologix, a North American data center company with data centers located in Ashburn, Columbus, Dallas, Jacksonville, Lakeland, Minneapolis, Montreal, New Jersey, Toronto and Vancouver, has secured $500 Million of additional ‘growth capital’ investment from Abu Dhabi-based global investment firm, Mubadala.
Mubadala’s investment is in partnership with Stonepeak Infrastructure Partners, which will remain the majority shareholder in Cologix. The partnership will see the two investment companies collaborate to support Cologix’s “ambitious” growth strategy.
“As a global investor, we continue to look closely at opportunities in sectors such as ICT which are rapidly transforming the world,” said Khaled Al Qubaisi, CEO of Mubadala Aerospace, Renewables and ICT. “Our philosophy remains founded on investing in innovative businesses with long-term growth potential and market leadership positions. As Abu Dhabi evolves into a global technology and ICT hub, we will continue to invest in partnerships which will unlock immense benefits for all our stakeholders.”
Cologix provides scalable hyperscale edge data center solutions from 28 prime interconnection hubs and 5 hyperscale facilities across 10 strategic North American markets. The facilities enable interconnection and operation of 450+ networks, six Internet Exchanges (IXs) and 200+ cloud providers including Amazon Web Services (AWS), Google Cloud Platform (GCP), Oracle Cloud, Microsoft Azure and IBM Cloud.
“Cologix has built a leadership position in the hyperscale edge, cloud on-ramp, colocation and interconnection sector of this fast-growing industry across North America,” said Bill Fathers, Chairman and Chief Executive Officer (CEO). “We have ambitious plans for the future and, by partnering with Mubadala, we have additional growth capital that will enable us to get to the next level, building on an existing foundation of great clients, innovative technology and strong leadership.”
Mubadala Investment Company actively manages a worldwide AED 841 billion ($229 billion) portfolio spanning five continents with interests in aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings. Mubadala now has offices in Rio de Janeiro, Hong Kong, Moscow, New York and San Francisco.
Stonepeak Infrastructure Partners is an infrastructure-focused private equity firm with over $16 billion of assets under management and with offices in New York, Houston and Austin. Stonepeak invests in “long-lived, hard-asset” businesses and projects that would provide essential services to customers. The company also seeks to actively partner with high-quality management teams, facilitate operational improvements, and provide capital for growth initiatives.