Cordiant Capital is seeking to raise £300 million ($410 million) through an IPO for its digital infrastructure investment trust, Investment Week reports.
Cordiant Capital is planning to issue up to 300 million ordinary shares and will use the funds to invest in operating digital infrastructure assets, with a predominant focus on data centers, telecommunications towers and fiber-optic network assets, primarily located in the United Kingdom, the European Economic Area, the United States and Canada.
Cordiant Digital Infrastructure has reportedly identified a pipeline of investment opportunities worth around €1.5 billion ($1.8 billion) in areas such as U.S. data centers, Scandinavian fiber and European mobile towers. The trust will focus on the middle-market.
