DigitalBridge and La Caisse complete acquisition of data center firm Yondr

BOCA RATON/MONTREAL/LONDON - DigitalBridge Group, Inc. (NYSE:DBRG), a $1.9 billion market cap digital infrastructure company that has demonstrated profitability over the last twelve months, and La Caisse have completed their acquisition of Yondr Group, a global hyperscale data center developer and operator, from Cathexis Holdings, L.P., according to a press release statement. According to InvestingPro analysis, DigitalBridge’s stock is currently trading slightly below its Fair Value.

The companies also announced leadership changes with Aaron Wangenheim appointed as Chief Executive Officer and Sandip Mahajan as Chief Financial Officer, effective immediately.

Yondr currently has more than 420MW of capacity committed to hyperscalers and additional land that could support a potential capacity exceeding 1GW. The company develops and operates data centers for major technology companies.

Wangenheim brings over 20 years of data center leadership experience, including a decade at T5 Data Centers where he served as Chief Operating Officer for eight years. Mahajan has over 30 years of financial leadership experience, previously serving as CFO at Mitie Group PLC and holding various roles at Balfour Beatty PLC.

"With a diverse global portfolio of campuses, Yondr further strengthens DigitalBridge’s world-class data center portfolio," said Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge.

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse, stated, "This investment reflects our conviction in the value of digital infrastructure and our confidence in Yondr’s ability to scale with agility."

Wangenheim succeeds Paul Cossell, who is retiring after two and a half years at Yondr, while Mahajan replaces Chester Reid, who is stepping down to pursue other interests.

This marks another collaboration between DigitalBridge and La Caisse, who previously partnered in 2019 when La Caisse acquired a 30% stake in Vertical Bridge, a DigitalBridge portfolio company. With a beta of 1.72, DigitalBridge stock exhibits higher volatility than the broader market. Investors seeking deeper insights into DigitalBridge’s financial health and growth prospects can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.

In other recent news, DigitalBridge Group Inc. reported its first quarter 2025 earnings, surpassing analyst expectations with an earnings per share (EPS) of $0.29, significantly higher than the forecasted $-0.004. Despite this, the company’s revenue of $45.45 million fell short of the anticipated $102.21 million. The company raised $1.2 billion in new commitments and supported a major acquisition in the fiber business, reinforcing its strategic positioning in digital infrastructure. Meanwhile, DigitalBridge has attracted acquisition interest from private investment firm 26North, highlighting its perceived undervaluation. Analysts at JMP Securities maintained a Market Outperform rating with a $16.00 price target, emphasizing DigitalBridge’s potential for growth in the digital infrastructure market. However, Keefe, Bruyette & Woods adjusted their outlook, reducing the price target to $10.50 while maintaining a Market Perform rating, citing uncertainties in the macroeconomic environment. DigitalBridge continues to focus on its strategic expansions and aims to meet its 2025 financial targets, including significant growth in fee-related earnings and margins.

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