UAE - Mubasher: Mubadala Investment Company and Stonepeak, an investment firm specialising in infrastructure and real assets, have inked an agreement to sell Cologix, a private interconnection and hyperscale edge platform in North America.
Under the transaction expected to close in early 2022, Cologix will be transferred from Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to another Stonepeak-managed vehicle, according to a recent press release.
This vehicle includes a number of existing Fund II investors and new third-party investors.
Since January 2020, Mubadala has been a co-investor in Cologix with Stonepeak Fund II LP to achieve further growth in the market.
The CEO of Real Estate and Infrastructure Investments at Mubadala, Khaled Al Qubaisi, commented: "Our success as a leading investor lies in our ability to identify uniquely-placed quality businesses to venture into, and equally importantly, assess monetization opportunities to ensure that we maintain significant capital growth and a healthy portfolio of business investments."
Meanwhile, the Executive Director of Digital Infrastructure Investments at Mubadala, Mounir Barakat, said: "Mubadala is very proud of its positive involvement in the latest chapter of Cologix’s journey and of the collaborative and constructive engagement with Stonepeak."
