Pipeline Update

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

[email protected] 

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.