Cologix Raises a Cool Half Billion From Mubadala

September 24th, 2019 by · Leave a Comment

The data center and interconnection company Cologix has gone out and added a bundle of cash to its war chest, and added an interesting new owner to the mix. Yesterday they announced an agreement to raise $500M from the Mubadala Investment Company.

Who is Mubadala you might ask? It’s an investment firm owned by government of Abu Dhabi, which is the capital city of the United Arab Emirates — also home to the higher profile city of Dubai of course. Yes, Middle Eastern municipal oil money is buying into the North American data center business.

Other than that, however, nothing much changes. Stonepeak will remain Cologix’s majority shareholder, a position it has held for about two and a half years now following a $500M investment of its own.  But Cologix will have more resources with which to feed its growth. The company now operates 5 hyperscale facilities and 28 interconnection hubs across 10 North American markets.

Whether Cologix will use the new funds for organic expansions or some M&A is an open question, but it will probably be both. The company has made a couple of acquisitions in the last year, buying Metro Optic and COLO-D.

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Categories: Datacenter · Financials · Mergers and Acquisitions

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