- Apollo is a global alternative asset manager based in New York
- Trevor Mills and Andrew Kirby, partners at Apollo, will join Yondr’s board of directors
- The firm managed around $598bn of assets as of 31 March 2023
Apollo Global Management, via Apollo infrastructure funds, has agreed to make a structured investment in Yondr Group, a global developer, owner, operator and service provider of data centres, primarily in Europe and the Americas.
No financial details of the transaction were disclosed.
Yondr, wholly owned by Cathexis Group, is based in Amsterdam, the Netherlands.
The proceeds from the investment will be used to further Yondr’s growth plans, according to a release.
Apollo and Yondr will partner to facilitate the continued buildout of Yondr’s portfolio of hyperscale data centre facilities, the release said.
Trevor Mills and Andrew Kirby, partners at Apollo, will join Yondr’s board of directors as part of the investment.
“With increasing global demand for hyperscale data centre capacity, we believe that nimble, proven build-to-suit players like Yondr are well positioned for sustainable growth,” said Mills and Kirby.
Apollo is a global alternative asset manager based in New York. The firm, as of 31 March 2023, managed around $598 billion of assets.
Simpson Thacher & Barlett served as legal advisor to the Apollo Funds.