TIDMCORD
RNS Number : 1335H
Cordiant Digital Infrastructure Ltd
02 August 2021
LEI: 549300Q7EXQQH6KF7Z84
Cordiant Digital Infrastructure Limited
Pipeline update
2 August 2021
The Board of Cordiant Digital Infrastructure Limited (the
"Company") provides an update on the deployment of the proceeds
from the issuance of C Shares and the remaining proceeds from the
Initial Public Offering.
Since the completion of the C Share placing on 8 June 2021, the
Company's investment manager, Cordiant Capital Inc (the "Investment
Manager") has undertaken due diligence, submitted non-binding
offers and advanced negotiations in respect of several investment
opportunities, including assets previously identified in the
Company's announcement of 17 May 2021. The opportunities include,
inter alia, two North American data centre platforms, a European
multi-asset tower and Internet of Things platform, a European fibre
and tower platform, and three European data centre platforms. The
Investment Manager determined not to proceed with one of the
European data centre platforms in consequence of pricing
considerations. In certain instances, processes have been slowed as
a result of unforeseen developments on the vendor side.
The pipeline continues to evolve as a result of the active
origination efforts on the part of the Investment Manager. The
Board and Investment Manager are focused on undertaking thorough
due diligence and comprehensive negotiations in respect of any
targeted asset, leveraging the broad industry and operational
experience of the Cordiant team. Pricing discipline remains
paramount and accordingly, there is no certainty that any of these
assets may be acquired by the Company. The Board and Investment
Manager remain confident of delivering both the Company's
investment strategy for the benefit of shareholders and a positive
impact across societies through investment in digital
infrastructure.
Further announcements will be made in due course as transactions
progress.
For further information, please contact:
Cordiant Digital Infrastructure Management Ltd
Investment Manager
Stephen Foss, Investor Relations +44 (0) 20 7201 7546
Investec Bank plc
Sole Financial Adviser, Global Coordinator and Bookrunner +44
(0)20 7597 4000
Tom Skinner (Corporate Broking)
Lucy Lewis, David Yovichic, Denis Flanagan (Corporate
Finance)
Dominic Waters, Will Barnett, Neil Brierley (Sales)
Camarco
Financial Communications Adviser +44 (0)20 3757 4980
cordiantdigitalinfra@camarco.co.uk
Louise Dolan
Eddie Livingstone-Learmonth
Monique Perks
Billy Clegg
Ocorian Administration (Guernsey) Limited
Company Secretary and Administrator
Ian Smith +44 (0) 1481 742742
Holly Tierney
Notes to Editors:
Cordiant Digital Infrastructure Limited primarily invests in the
core infrastructure of the digital economy - data centres,
fibreoptic networks and broadcast and telecommunication towers -
"the plumbing of the internet" - in the UK, Europe and North
America. Further details of the Company can be found on the
Company's website at www.cordiantdigitaltrust.com.
Cordiant Capital Inc., the Company's investment manager, is a
sector-focused investment manager with particular expertise and
experience in digital infrastructure. Cordiant invests in global
infrastructure and real assets, running infrastructure private
equity and infrastructure private credit strategies through limited
partnership funds and managed accounts. Cordiant's current client
base consists of global insurance companies, pension plans and
family offices.
Disclaimers
This announcement is not an offer to sell or a solicitation of
any offer to buy any securities in the Company in the United
States, Australia, Canada, New Zealand or the Republic of South
Africa, Japan, or in any other jurisdiction where such offer or
sale would be unlawful.
This communication is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This communication is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
The Company has not been and will not be registered under the US
Investment Company Act of 1940 (the "Investment Company Act") and,
as such, holders of the Company's securities will not be entitled
to the benefits of the Investment Company Act. No offer, sale,
resale, pledge, delivery, distribution or transfer of the Company's
securities may be made except under circumstances that will not
result in the Company being required to register as an investment
company under the Investment Company Act.
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