Private equity giant Apollo Global Management has agreed to provide a substantial investment in data center provider Yondr Group in what the asset manager is calling the first step of a broader partnership.
Apollo announced Monday that its infrastructure fund made a “significant capital investment” in Amsterdam-based Yondr, which develops and operates build-to-suit data centers leased to cloud providers and other hyperscale tenants. While the exact size and terms of the investment weren’t disclosed, both companies indicated proceeds will be used to facilitate the continued build-out of Yondr’s portfolio in Europe and the Americas.
“With increasing global demand for hyperscale data center capacity,…