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 or contact:
| Cordiant Capital Inc. Investment Manager Stephen Foss, Managing Director
|
+44 (0)20 3814 5939 CordiantDigitalTrust@cordiantcap.com
|
| Aztec Financial Services (Guernsey) Limited Company Secretary and Administrator Chris Copperwaite/Laura Dunning
|
+44 (0) 1481 74 9700
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| Investec Bank plc Joint Corporate Broker Tom Skinner (Corporate Broking) Lucy Lewis / Denis Flanagan (Corporate Finance)
|
+44 (0) 20 7597 4000 |
| Deutsche Numis Joint Corporate Broker Hugh Jonathan / George Shiel
|
+44 (0) 20 7260 1000 |
| Celicourt Public Relations Advisor Philip Dennis/Ali AlQahtani/Charles Denley-Myerson
|
+44 (0)20 7770 6424 |
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 .
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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