Yondr Group has sold its share of an Indian joint venture to its partner Everstone.

The data center company this week announced the sale of its stake in EverYondr, with Everstone Group assuming full ownership of the venture.

Terms of the deal were not shared.

“The divestment enables Yondr to focus its investments and operations in core global data center markets,” Yondr said.

The two companies set up the $1 billion JV in July 2021 to develop data centers across India.

Reports that Yondr was looking to exit the EverYondr venture first surfaced back in September 2024.

The JV’s first project was a 60MW facility in Mumbai, with future developments planned in Hyderabad, Bangalore, Chennai, and Delhi – though Yondr this week said the venture was only working on projects in Mumbai and Hyderabad. Google is reportedly set to lease an eight-story facility from EverYondr in Navi Mumbai that is due live in 2025.

Yondr operates data center campuses across Europe, Asia, and North America, with developments in Virginia, Canada, the UK, Malaysia, Indonesia, Japan, Germany, the Netherlands, and (until now) India.

The company has said it has more than 420MW of capacity committed to hyperscalers and a landbank capable of supporting more than 1GW of future capacity.

Yondr is headquartered in London and was previously owned by single-family investment office Cathexis, Apollo Global Management, and Mubadala. It was acquired by DigitalBridge and Canadian pension fund La Caisse in a deal that closed earlier this month. German financial giant Allianz has since acquired a minority stake in the business.

Founded in 2006, Asian investment firm Everstone has more than $6 billion in assets across private equity, real estate, infrastructure credit, and venture capital.