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Debt & Specialty Finance
cordiantcap.com

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Investments

2

Funds

7

About Cordiant Capital

Cordiant is a pre-eminent manager of emerging market, private sector investments. With more than USD 2.4 billion in capital subscriptions across six emerging market debt and equity funds, Cordiant counts amongst its clients some of the world's largest institutional investors. Cordiant has been successfully investing across the emerging markets for a decade. From these regions ripe with opportunity, Cordiant offers institutional investors efficiently managed and cost effective access to high quality, income-generating investments with superior risk/return profiles throughout Asia, Eastern Europe, Latin America and Africa.

Cordiant Capital Headquarter Location

1010 Sherbrooke St. W Suite 2400

Montreal, Quebec, H3A 2R7,

Canada

514-286-1142

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Latest Cordiant Capital News

Cordiant Digital acquires DataGryd in New York, Emitel in Poland

Jan 5, 2022

LONDON, UK: Cordiant Digital Infrastructure Limited has entered into binding agreements to acquire a strategic interconnect data centre in New York and a multi-asset digital infrastructure platform in Poland. Cordiant Digital (via its wholly-owned subsidiary) has entered into a binding agreement to acquire certain assets constituting the full operational platform (and assumed certain operational liabilities) of DataGryd Datacenters LLC for a consideration of $741 million. The DataGryd acquisition will be fully funded from the Company’s available cash resources. These assets will constitute a data centre operating platform in the U.S. that will operate under a new brand name reflective of both its strategic positioning and significant growth potential in this important interconnect market. More than half of DataGryd’s existing footprint is leased to blue chip customers. It is anticipated that an additional $75 million of expansion capital will be invested in this interconnect platform over the coming three years. The acquisition is subject to landlord’s lender consent. DataGryd currently operates from the 60 Hudson building in the Tribeca neighbourhood of New York City. This landmark art deco skyscraper has organically grown into one of the most concentrated hubs of internet connectivity available for use by third parties within New York City; over 300 carriers and internet firms interconnect in this location. The location has strategic value within New York City, which functions as a digital crossroads for the most critical corporate, government, entertainment and education data traversing the Internet. The company also signed a binding agreement with the shareholder of Emitel S.A. to acquire this multi-asset digital infrastructure business for an equity consideration of £352 million. Based in Warsaw, Emitel operates over 500 mobile towers, the national broadcast network, five digital terrestrial networks, a nationwide network of wireless “smart city” sensors serving utilities and a nationwide fibre network traversing tens of thousands of kilometres. The acquisition is subject to regulatory and governmental approvals and financing confirmations at the Emitel level. On completion, the acquisition will be funded through a combination of available cash resources and, if applicable, backstop vendor financing. On a pro forma basis, these transactions, together with CRA, would have generated an estimated £95 million of EBITDA in 2021; this portfolio combining stable cash flows and attractive growth opportunities will have been acquired at a multiple of less than 12x. Shonaid Jemmett-Page, Chairman of Cordiant Digital Infrastructure Limited, commented: “We are delighted to be announcing the agreement to acquire the DataGryd assets in the U.S. and Emitel in the EU. These acquisitions will, when completed, complement CRA, our existing portfolio company, and provide an attractive combination of highly cash generative operational assets with long-contracted revenue streams and compelling growth opportunities through building out the platforms.” Emitel is a national champion, operating network assets across Poland. It is the sole national provider of digital terrestrial television (“DTT”), the leading radio broadcast emissions provider and a leading provider of network neutral towers and fibre infrastructure in Poland and benefits from long-term contracts, averaging 10 years, with escalator clauses. Benn Mikula, Managing Partner and Co-CEO, Cordiant Capital commented: “The DataGryd platform offers our investors a compelling investment opportunity to invest in interconnect datacentres and we are delighted to add this platform to our portfolio. This platform can deliver scale, high quality infrastructure, power and technical skill in what we believe is the most connected building in the most connected city globally. These are strategic assets with significant growth potential.” Steven Marshall, Chairman Digital Infrastructure, Cordiant Capital commented: “Emitel is a true multi-asset platform offering an attractive mix of scale, cash flow, growth and diversification. The purchase price represents an EV/EBITDA multiple of less than 10 times forward earnings. We recognise Emitel’s important role in providing critical digital infrastructure in Poland, including the development of national 5G infrastructure. We are committed to invest to build the broadcast infrastructure capacity over the next 18 months in line with our ‘buy, build & grow’ philosophy. We applaud what the management and employees of this national champion have built to date, and look forward to working with Emitel to capture future opportunities for investment, growth and profit.” 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. www.cordiantdigitaltrust.com Follow us on Social Media

Cordiant Capital Investments

2 Investments

Cordiant Capital has made 2 investments. Their latest investment was in Brazil Tower as part of their Debt on April 4, 2018.

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Cordiant Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/23/2018

Debt

Brazil Tower

$79M

Yes

2

2/11/2015

Debt

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$99M

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10

Date

4/23/2018

2/11/2015

Round

Debt

Debt

Company

Brazil Tower

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Amount

$79M

$99M

New?

Yes

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Co-Investors

Sources

2

10

Cordiant Capital Acquisitions

1 Acquisition

Cordiant Capital acquired 1 company. Their latest acquisition was CRA on May 04, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/4/2021

$99M

Acquired

2

Date

5/4/2021

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

2

Cordiant Capital Fund History

7 Fund Histories

Cordiant Capital has 7 funds, including Cordiant VII Infrastructure & Real Assets Debt Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/26/2019

Cordiant VII Infrastructure & Real Assets Debt Fund

REAL Assets

Open

$500M

1

2/25/2015

Cordiant Emerging Loan Fund IV

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$99M

10

12/31/2007

Cordiant Emerging Loan Fund III LP

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$99M

10

12/31/2004

International Finance Participation Trust 2004

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$99M

10

12/31/2001

International Finance Participation Trust

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$99M

10

Closing Date

11/26/2019

2/25/2015

12/31/2007

12/31/2004

12/31/2001

Fund

Cordiant VII Infrastructure & Real Assets Debt Fund

Cordiant Emerging Loan Fund IV

Cordiant Emerging Loan Fund III LP

International Finance Participation Trust 2004

International Finance Participation Trust

Fund Type

REAL Assets

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Subscribe to see more

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Status

Open

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Subscribe to see more

Subscribe to see more

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Amount

$500M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

Cordiant Capital Team

8 Team Members

Cordiant Capital has 8 team members, including current Chief Executive Officer, President, David Creighton.

Name

Work History

Title

Status

David Creighton

Chief Executive Officer, President

Current

Don McKelvie

Chief Financial Officer

Current

Bertrand Millot

Chief Information Officer

Current

Danny Brouillard

Managing Director

Current

Fernando Cininni

Managing Director

Current

Name

David Creighton

Don McKelvie

Bertrand Millot

Danny Brouillard

Fernando Cininni

Work History

Title

Chief Executive Officer, President

Chief Financial Officer

Chief Information Officer

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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