Update on CRA Acquisitions
8 January 2024
LEI: 213800T8RBBWZQ7FTF84
Cordiant Digital Infrastructure Limited
Update on CRA acquisitions
Cordiant Digital Infrastructure Limited (the "Company" or "CORD"), an operationally-focused, specialist digital infrastructure investor, is pleased to announce that, following the Company's announcement on 20 December 2023, its Czech portfolio company, České Radiokomunikace a.s. ("CRA") has completed the acquisition of the cloud services and data centre businesses, Cloud4com and DC Lužice from Aricoma a.s.
The Company is also pleased to announce the signing of CRA's acquisition of Prague Digital TV s.r.o. for a nominal sum. The acquisition brings with it valuable broadcasting spectrum and doubles CRA's current television broadcast capacity in the Prague region. It provides additional space for the further development and roll out of innovative TV services.
Analyst and shareholder calls
The Investment Manager will host remote presentations on Wednesday 10 January for analysts at 11.00 a.m. GMT and for shareholders at 12.00 p.m. GMT. For those wishing to log in to either call, please contact Ali AlQahtani at Celicourt via CDI@celicourt.uk.
For further information, please visit www.cordiantdigitaltrust.com or contact:
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Cordiant Capital Inc. Investment Manager |
+44 (0) 20 7201 7546 |
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Celicourt PR Adviser
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+44 (0)20 7770 6424 |
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Aztec Company Secretary and Administrator
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+44 (0) 1481 749700 |
Notes to Editors:
About the Company
Cordiant Digital Infrastructure Limited primarily invests in the core infrastructure of the digital economy - data centres, fibre-optic networks and telecommunication and broadcast towers in Europe and North America. Further details about the Company can be found on its website at www.cordiantdigitaltrust.com.
In total, the Company has successfully raised £795 million in equity, along with a further €200m through a Eurobond with four European institutions; deploying the proceeds into four acquisitions: CRA, Hudson Interxchange, Emitel and Speed Fibre, which together offer stable, often index-linked income, and the opportunity for growth, in line with the Company's Buy, Build & Grow model.
About the Investment Manager
Cordiant Capital Inc ("Cordiant") is a specialist global infrastructure and real assets manager with a sector-led approach to providing growth capital solutions to promising mid-sized companies in Europe, North America and selected global markets. Since the firm's relaunch in 2016, Cordiant, a partner-owned and partner-run firm, has developed a track record of exceeding mandated investment targets for its clients.
Cordiant focuses on the next generation of infrastructure and real assets: sectors (digital infrastructure, energy transition infrastructure and the agriculture value chain) characterised by growth tailwinds and technological dynamism. In addition, Cordiant applies a strong sustainability and ESG overlay to its investment activities.
With a mix of managed funds offering both value-add and core strategies in equity and direct lending, our sector investment teams (combining seasoned industry executives with traditional private capital investors) work with investee companies to develop innovative, tailored financing solutions backed by a comprehensive understanding of the sector and demonstrated operating capabilities. In this way, Cordiant aims to provide value to investors seeking to complement existing infrastructure equity and infrastructure debt allocations.
About CRA
CRA is a diversified digital infrastructure company, operating mobile towers, a broadcast network, data centres, a fibre network and Internet of Things networks serving utilities. The company has a history of offering superior customer service, increasingly through integrated solutions spanning the spectrum of digital infrastructure.
About Cloud4com and DC Lužice
Cloud4com is a leading cloud services provider in the Czech Republic, providing private cloud and associated services for enterprise customers. These cloud services are enabled by VMWare and by Virtix, a software platform developed in-house by Cloud4Com. For the financial year ending 31 December 2023, Cloud4com is expected to generate revenue of CZK 155 million (£5.5 million) and EBITDA of CZK 44.6 million (£1.6 million), both unaudited.
DC Lužice is a Tier III data centre facility strategically located in the "digital Danube" triangle, that is centred on Brno-Vienna-Bratislava. The facility, which is owned and has 85 racks, is currently 32% utilised, newly renovated and located in a highly secure private site.
About Prague Digital TV
Prague Digital TV has long been active on the regional television broadcasting market, covering all of Prague and 41% of the Central Bohemia region. It broadcasts in the advanced DVB-T2 standard over Regional Network 4.
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