Mubadala to exit its holdings in US data centre company Cologix

Mubadala to exit its holdings in US data centre company Cologix

Mubadala Investment Company has said it reached a deal with the US-based investment firm Stonepeak Infrastructure Partners to sell its share in data centre company Cologix for an undisclosed sum.

Cologix will be transferred from Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to another Stonepeak-managed vehicle comprising a combination of some existing Fund II investors and a number of new third-party investors, Mubadala said in a statement late on Thursday.

The transaction is expected to close in early 2022.

“Our success as a leading investor lies in our ability to identify uniquely placed. quality businesses to venture into, and equally importantly, assess monetisation opportunities to ensure that we maintain significant capital growth and a healthy portfolio of business investments,” said Khaled Al Qubaisi, chief executive of Real Estate and Infrastructure Investments at Mubadala.