Latest news with #DigitalBridge
Yahoo
9 hours ago
- Business
- Yahoo
Jim Cramer Says He 'Cannot Recommend DigitalBridge'
DigitalBridge Group, Inc. (NYSE:DBRG) is one of the stocks that Jim Cramer shed light on. During the lightning round, a caller asked about the company, and Cramer remarked: 'I've studied this company for a very long time, and I have to conclude that it's just expensive, okay, and I don't want you in it… I love that you've been watching for that long, but I cannot recommend DigitalBridge. I am sorry.' Aerial view of a city skyline, with many buildings owned by the real estate arm of the company. DigitalBridge Group, Inc. (NYSE:DBRG) is a private equity firm that invests in digital infrastructure, including data centers, cell towers, fiber networks, small cells, and edge technologies. On July 1, the company, along with La Caisse, announced the joint acquisition of Yondr Group, a global developer and operator of hyperscale data centers, from Cathexis Holdings. The acquisition strengthens both companies' digital infrastructure portfolio and supports Yondr's expansion to meet rising demand for AI and cloud-based data processing. While we acknowledge the potential of DBRG as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
4 days ago
- Business
- CNBC
Cramer's Lighting Round: Wabtec 'won't quit'
Wabtec: "It won't a really good company." Robinhood: "I've been a big believer in Robinhood for a long time, I'm not changing my view." Riot Platforms: "Own Bitcoin." DigitalBridge: "It's just expensive, ok. And I don't want you in it...I cannot recommend DigitalBridge, I am sorry." Schlumberger: "Keep watching, no pull trigger. Why? Because I do not like the oil stocks." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Yahoo
02-07-2025
- Business
- Yahoo
Cathexis Successfully Completes the $5.8 Billion Sale of Yondr Group to DigitalBridge and La Caisse
Transaction represents a successful exit for Cathexis, which founded Yondr in 2018 SAN JUAN, Puerto Rico, July 2, 2025 /PRNewswire/ -- Cathexis Holdings, L.P. ("Cathexis") today announced the successful completion of the sale of Yondr Group ("Yondr"), a global developer, owner, and operator of hyperscale data centers, to DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge") and La Caisse (formerly CDPQ) for $5.8 billion. Yondr develops and operates data centers to address the complex data center capacity demands of the world's largest technology companies. As demand for advanced data processing capabilities expands, Yondr has more than 420MW of capacity committed to hyperscalers and significant additional land to support a total potential capacity of over 1GW. The company is well-positioned to capitalize on the growing demand for advanced data processing capabilities driven by ongoing digital transformation, the expansion of cloud solutions, and the rise of AI. "I am proud to have supported Yondr on its journey since its formation in 2018. Yondr has become a vital infrastructure partner to many of the world's largest technology companies, and I believe DigitalBridge and La Caisse are the right partners to support Yondr through its next stage of growth. I look forward to seeing what the business will achieve," said William Harrison, CEO of Cathexis. "While many individuals contributed to the success of Yondr, I would like to thank Paul Cossell (former Chief Executive Officer of Yondr) and Chester Reid (former Chief Financial Officer of Yondr) in particular for their outstanding leadership of and dedication to the company. Paul and Chester have been instrumental in positioning Yondr for this next chapter of growth under new ownership. I wish them continued success in all their future endeavors. I would also like to welcome Aaron Wangenheim, who has been appointed as Chief Executive Officer, and Sandip Mahajan, who has been appointed as Chief Financial Officer, to Yondr, and wish them much success as they lead the company through this exciting next phase with DigitalBridge and La Caisse." Citi served as Yondr's exclusive financial advisor, with White & Case LLP as its legal counsel and PricewaterhouseCoopers as its tax and accounting advisor. About Cathexis Cathexis is a private investment holding company based in San Juan, Puerto Rico. The firm's investment strategy is value-oriented and opportunistic, with a primary focus on private equity, growth equity and venture capital. The firm invests directly in contracting, real estate, energy, data center, and venture capital opportunities. The investment team targets opportunities where the firm's flexible and permanent capital base, long-term investment horizon, and industry expertise give the firm a significant advantage. Cathexis believes that strong alignment with management teams and operating partners along with its ability to commit long-term capital are key drivers of its success. For more information, visit About Yondr Group Yondr Group is a global developer, owner, and operator of hyperscale data centers. The company specializes in delivering and operating dedicated infrastructure that is engineered for scale. As an organisation, our mission —'Global capacity responsible delivery'— ensures that we achieve our vision of a tomorrow without constraints. For more information, visit Media Contacts: Cathexispress@ Yondr GroupLouise Donkor, Marketing Communications Directorpress@ View original content to download multimedia: SOURCE Cathexis Holdings, L.P.
Cision Canada
02-07-2025
- Business
- Cision Canada
Cathexis Successfully Completes the $5.8 Billion Sale of Yondr Group to DigitalBridge and La Caisse
Transaction represents a successful exit for Cathexis, which founded Yondr in 2018 SAN JUAN, Puerto Rico, July 2, 2025 /CNW/ -- Cathexis Holdings, L.P. ("Cathexis") today announced the successful completion of the sale of Yondr Group ("Yondr"), a global developer, owner, and operator of hyperscale data centers, to DigitalBridge Group, Inc. (NYSE: DBRG) ("DigitalBridge") and La Caisse (formerly CDPQ) for $5.8 billion. Yondr develops and operates data centers to address the complex data center capacity demands of the world's largest technology companies. As demand for advanced data processing capabilities expands, Yondr has more than 420MW of capacity committed to hyperscalers and significant additional land to support a total potential capacity of over 1GW. The company is well-positioned to capitalize on the growing demand for advanced data processing capabilities driven by ongoing digital transformation, the expansion of cloud solutions, and the rise of AI. "I am proud to have supported Yondr on its journey since its formation in 2018. Yondr has become a vital infrastructure partner to many of the world's largest technology companies, and I believe DigitalBridge and La Caisse are the right partners to support Yondr through its next stage of growth. I look forward to seeing what the business will achieve," said William Harrison, CEO of Cathexis. "While many individuals contributed to the success of Yondr, I would like to thank Paul Cossell (former Chief Executive Officer of Yondr) and Chester Reid (former Chief Financial Officer of Yondr) in particular for their outstanding leadership of and dedication to the company. Paul and Chester have been instrumental in positioning Yondr for this next chapter of growth under new ownership. I wish them continued success in all their future endeavors. I would also like to welcome Aaron Wangenheim, who has been appointed as Chief Executive Officer, and Sandip Mahajan, who has been appointed as Chief Financial Officer, to Yondr, and wish them much success as they lead the company through this exciting next phase with DigitalBridge and La Caisse." Citi served as Yondr's exclusive financial advisor, with White & Case LLP as its legal counsel and PricewaterhouseCoopers as its tax and accounting advisor. About Cathexis Cathexis is a private investment holding company based in San Juan, Puerto Rico. The firm's investment strategy is value-oriented and opportunistic, with a primary focus on private equity, growth equity and venture capital. The firm invests directly in contracting, real estate, energy, data center, and venture capital opportunities. The investment team targets opportunities where the firm's flexible and permanent capital base, long-term investment horizon, and industry expertise give the firm a significant advantage. Cathexis believes that strong alignment with management teams and operating partners along with its ability to commit long-term capital are key drivers of its success. For more information, visit About Yondr Group Yondr Group is a global developer, owner, and operator of hyperscale data centers. The company specializes in delivering and operating dedicated infrastructure that is engineered for scale. As an organisation, our mission —'Global capacity responsible delivery'— ensures that we achieve our vision of a tomorrow without constraints. For more information, visit Media Contacts: Cathexis [email protected] SOURCE Cathexis Holdings, L.P.
Associated Press
01-07-2025
- Business
- Associated Press
DigitalBridge and La Caisse Complete Acquisition of Yondr Group
BOCA RATON, Fla. & MONTRÉAL & LONDON--(BUSINESS WIRE)--Jul 1, 2025-- DigitalBridge Group, Inc. (NYSE: DBRG) ('DigitalBridge') and La Caisse (formerly CDPQ) today announced the successful completion of the acquisition of Yondr Group ('Yondr'), a global developer, owner, and operator of hyperscale data centers, from Cathexis Holdings, L.P. ('Cathexis'). This strategic investment enhances DigitalBridge and La Caisse's successful history of partnership in digital infrastructure investing, positioning Yondr to accelerate its expansion in strategic markets and meet the surging demand for hyperscale and AI-driven data center solutions. La Caisse is investing alongside DigitalBridge-managed investment vehicles and has assumed joint control of Yondr. In connection with the completion of the acquisition, Aaron Wangenheim has been appointed as Chief Executive Officer, and Sandip Mahajan as Chief Financial Officer, effective immediately. Yondr develops and operates data centers to address the complex data center capacity demands of the world's largest technology companies. As demand for advanced data processing capabilities expands, Yondr has more than 420MW of capacity committed to hyperscalers and significant additional land to support a total potential capacity of over 1GW. The company is well-positioned to capitalize on the growing demand for advanced data processing capabilities driven by ongoing digital transformation, the expansion of cloud solutions, and the rise of AI. 'We're thrilled to finalize our acquisition of Yondr alongside La Caisse,' said Jon Mauck, Senior Managing Director and Head of Data Centers at DigitalBridge. 'With a diverse global portfolio of campuses, Yondr further strengthens DigitalBridge's world-class data center portfolio and reinforces our focus on being a global partner to the leading hyperscale, technology, and AI companies that are driving the digital economy. We look forward to working alongside Aaron and Sandip, who bring extensive leadership experience, as we support Yondr's strategy of developing and operating scaled capacity to meet the demands of AI and cloud computing. We are also very pleased to partner again with La Caisse, who shares our partnership-oriented approach to long-term value creation.' 'Over the past few years, we have explored various direct investment opportunities in the data center space, and Yondr has stood out as a compelling platform to capitalize on the growth of the sector. At the end of 2024, we joined forces with DigitalBridge – a trusted partner – to invest in Yondr's next development phase under renewed leadership and ownership,' said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse. 'This investment reflects our conviction in the value of digital infrastructure and our confidence in Yondr's ability to scale with agility, innovate, and deliver AI-ready data solutions at pace.' DigitalBridge and La Caisse have a longstanding track record of partnership in the digital infrastructure sector. In 2019, La Caisse acquired a 30% stake in Vertical Bridge, the largest private owner and operator of communications infrastructure in the United States and a DigitalBridge portfolio company. In 2024, DigitalBridge and La Caisse supported Vertical Bridge's $3.3 billion tower transaction with Verizon, further solidifying their collaborative efforts to expand capabilities across the digital infrastructure ecosystem. 'I am proud to have supported Yondr on its journey since its formation in 2018. Yondr has become a vital infrastructure partner to many of the world's largest technology companies, and I believe DigitalBridge and La Caisse are the right partners to support Yondr through its next stage of growth. I look forward to seeing what the business will achieve,' said William Harrison, CEO of Cathexis. Leadership Team Appointments Mr. Wangenheim, who joins Yondr as Chief Executive Officer, brings over two decades of data center leadership and extensive experience overseeing the development and operations of data center campuses around the world. He spent over a decade at T5 Data Centers in roles of increasing responsibility, including eight years as Chief Operating Officer. Most recently, he served as an advisor and developer of customized data center solutions, where he worked with numerous investors evaluating both the property and operating aspects of the evolving data center industry. In his new role, Mr. Wangenheim will lead Yondr's next phase of growth, as the company continues to meet the growing demands of hyperscalers. Mr. Mahajan, who joins Yondr as Chief Financial Officer, brings over three decades of financial leadership and infrastructure investment experience, including expertise in leveraged finance, equity and debt raising, and financial transformation. He has served as Chief Financial Officer at Mitie Group PLC, a publicly listed, UK-based support services business, and was earlier at Balfour Beatty PLC, a publicly listed construction services business in a number of roles, including as a project finance leader specializing in infrastructure equity investments. 'Yondr has an impressive track record as a leading developer, owner, and operator of hyperscale data centers, and I'm excited to be joining the company as Chief Executive Officer at such a pivotal time for the business and the industry,' said Mr. Wangenheim. 'I look forward to leading Yondr through its next phase of growth with the backing of two world-class investors that appreciate the critical role we play in supporting our clients.' Mr. Wangenheim succeeds Paul Cossell, who is retiring from the Chief Executive Officer role after two and a half years at Yondr and a nearly three-decade career in the construction and infrastructure industry. Mr. Mahajan succeeds Chester Reid, who is stepping down from the Chief Financial Officer role after more than two years at Yondr to pursue other business interests. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram source version on CONTACT: Media Contacts:DigitalBridge Joele Frank, Wilkinson Brimmer Katcher Sarah Salky (212) 355-4449 [email protected] Caisse Conrad Harrington + 1 514 847-5493 [email protected] Group Louise Donkor, Marketing Communications Director [email protected] [email protected] KEYWORD: NORTH AMERICA UNITED STATES UNITED KINGDOM EUROPE CANADA FLORIDA INDUSTRY KEYWORD: TELECOMMUNICATIONS NETWORKS FINANCE ARTIFICIAL INTELLIGENCE BANKING DATA MANAGEMENT PROFESSIONAL SERVICES TECHNOLOGY SOURCE: DigitalBridge and La Caisse and Yondr Group Copyright Business Wire 2025. PUB: 07/01/2025 11:00 AM/DISC: 07/01/2025 11:00 AM
