Abu Dhabi-based Mubadala Investment Company is selling its stake in U.S. data center provider Cologix, the largest private interconnection and hyperscale edge platform in North America, as fellow investor Stonepeak Infrastructure Partners announced the recapitalization of Cologix.
Cologix has more than 600 networks and over 300 cloud providers across the platform. It provides IT infrastructure to more than 1,600 customers through its operations that span 40 interconnection and hyperscale data centers in 11 North American markets.
Cologix has invested approximately US$ 1 billion of gradual 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 2022, subject to a market check process, regulatory approvals and the satisfaction of customary closing conditions.
Khaled Al Qubaisi, CEO, Real Estate and Infrastructure Investments at Mubadala said, “We firmly believe that our involvement with Cologix ticked all those boxes from the outset and we are pleased to have contributed to this successful partnership.”
