Simpson Thacher represented Apollo Global Management, Inc. (“Apollo”) in connection with a significant capital commitment, through Apollo-managed infrastructure funds, in Yondr Group (“Yondr”) as the first step in a broader partnership. Proceeds from the investment will be utilized to further Yondr’s growth ambitions in support of client demand for its differentiated service proposition as Apollo and Yondr partner to facilitate the continued buildout of Yondr’s portfolio of hyperscale data center facilities.
Yondr, wholly owned by Cathexis Group, is a recognized global leader in developing, owning and operating build-to-suit hyperscale data centers, primarily in Europe and the Americas. The Company operates a single-tenant, build-to-suit data center strategy, benefitting from key strategic partnerships across the globe which support development and speed to market. Yondr owns and operates a hyperscale data center in the Netherlands, with four additional sites in construction across Europe and the United States expected to come online between 2024 and 2025, all of which are fully contracted with large, investment-grade counterparties.
Yondr has advanced plans to continue scaling its portfolio of build-to-suit hyperscale data centers with the support of Apollo to meet the rapidly growing needs of its high-quality customer base, with a continued focus on speed to market, top-tier facility design and performance while leveraging the Company’s local expertise.
Apollo is a high-growth, global alternative asset manager that, as of March 31, 2023, had approximately $598 billion of assets under management.
The Simpson Thacher team included Matthew Einbinder, Amy Beller, Jacob Durkin (UK), Andrew Lanius, Cem Islikci, Kevin Carson, Luke Riel, Christine Robb and Kaylee Yocum (Credit); Shamus Crosby, Mark Kunzman and Braxton Duhon (M&A); Russell Light and Preston Irace (Tax); Jessica Cohen, Courtney Welshimer and Rachelle Broida (IP); Whitney Salinas, Justin Vilinsky, Dennis Loiacono, Tim Gallagher, Madeline Danziger (Real Estate – US); Edward Hampson, Chun Baak and Krishma Mali (Real Estate – UK); Michael Isby (Environmental); Jonathan Pall (Collateral); Jeanne Annarumma, Kristy Fields and Charles Pfeifer (Executive Compensation and Employee Benefits); and Nicholas Baker (Structuring).