Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Stonepeak Signs Recapitalization of Portfolio Company Cologix.

Document Cited in Related
Vincent

M2 EQUITYBITES-January 3, 2022-Stonepeak Signs Recapitalization of Portfolio Company Cologix

(C)2022 M2 COMMUNICATIONS http://www.m2.com

Stonepeak, an alternative investment firm, has reported the recapitalization of Cologix, the largest private interconnection and hyperscale edge platform in North America, the company said.

The recapitalization is being effectuated as a sale of Cologix by Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to Stonepeak-managed vehicles comprising a combination of existing Fund II investors who have chosen to reinvest in the business in partnership with a number of new third-party investors.

Cologix is North America's network-neutral interconnection and hyperscale edge data center company with more than 600 networks and over 300 cloud providers across the platform.

Fund II acquired a majority stake in Cologix in March of 2017 and subsequently partnered with Mubadala Investment Company for an incremental growth capital investment in January 2020. Since 2017, Cologix has invested approximately USD 1 billion of incremental capital in building out the company's footprint through various organic and inorganic initiatives.

The transaction is expected to close in the first quarter of...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT