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Apollo Global Management (NYSE:APO) said Monday its infrastructure funds have agreed to provide a "significant" capital commitment to data center firm Yondr Group though a structured instrument.
Proceeds from the investment will be used to accelerate Yondr's growth targets and built out its portfolio of hyperscale data center facilities.
Yondr develops, owns and operates build-to-suit hyperscale data centers, primarily in Europe and the Americas. It owns and operates a site in the Netherlands, with four additional sites in construction across Europe and the U.S. expected to come online between 2024 and 2025.
Terms of the transaction have not been disclosed.
“With increasing global demand for hyperscale data center capacity, we believe that nimble, proven build-to-suit players like Yondr are well positioned for sustainable growth," said Apollo Partners Trevor Mills and Andrew Kirby, both of whom will join Yondr's board, said in a statement.