Global Infrastructure SherpaStonepeak Completes Acquisition of Cologix
Stonepeak completed its acquisition of Cologix, a network-neutral interconnection and hyperscale edge data center company. The acquisition aims to support Cologix's continued growth and expansion.
Source Intelligence
Cologix has invested $1 billion of incremental capital in building out the company’s footprint through various organic and inorganic initiatives since 2017. Quote: Since 2017, Cologix has invested $1 billion of incremental capital in building out the company’s footprint through various organic and inorganic initiatives.
"Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the successful closing of its previously announced equity recapitalization of Cologix"
"Stonepeak Successfully Completes $3.0 billion Equity Recapitalization of Portfolio Company Cologix"
"The recapitalization was effectuated as a sale of Cologix by Stonepeak Infrastructure Fund II LP and co-investors ( Fund II ) to Stonepeak-managed vehicles"
"Fund II acquired a majority stake in Cologix in March of 2017 and subsequently partnered with Mubadala Investment Company (who have exited their position as part of this recapitalization) for an incremental growth capital investment in January 2020."