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Stonepeak signs recapitalisation of portfolio company Cologix

Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has recapitalises Cologix, a private interconnection and hyperscale edge platform in North America.

The recapitalisation is being effectuated as a sale of Cologix by Stonepeak Infrastructure Fund II LP and co-investors (Fund II) to Stonepeak-managed vehicles comprising a combination of existing Fund II investors who have chosen to reinvest in the business in partnership with a number of new third-party investors.

Fund II acquired a majority stake in Cologix in March of 2017 and subsequently partnered with Mubadala Investment Company for an incremental growth capital investment in January 2020. Since 2017, Cologix has invested approximately USD1 billion of incremental capital in building out the company’s footprint through various organic and inorganic initiatives.

The transaction is expected to close in the first quarter of 2022, subject to a market check process, regulatory approvals and the satisfaction of customary closing conditions.

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