Latest news with #PrincetonDigital
Free Malaysia Today
08-07-2025
- Business
- Free Malaysia Today
Stonepeak in talks to invest in Warburg-backed Princeton
Established in 2017, Princeton Digital operates more than 20 data centres in China, Singapore, India, Indonesia, Malaysia and Japan. (PDG pic) NEW YORK : Stonepeak Partners is in talks to invest in data centre operator Princeton Digital Group, people familiar with the matter said, as the US infrastructure investor seeks to build up its presence in Asia Pacific. Stonepeak may seek to invest more than US$1 billion in Singapore-based Princeton Digital via a structured equity deal, the people said, asking not to be identified because the deliberations are private. Talks are ongoing and no final decisions have been made, the people said, adding that details such as the final size and structure of the transaction could change. A representative for New York-based Stonepeak declined to comment, while Princeton Digital, which is backed by private equity firm Warburg Pincus, didn't respond to a request seeking comment. Stonepeak and other infrastructure-focused investment firms such as BlackRock Inc-backed Global Infrastructure Partners and Morrison had shown interest in Princeton earlier, Bloomberg News reported in February. 'Princeton Digital has been working with financial advisers to help weigh options, including both a minority or a controlling stake sale,' people familiar with the matter have said. Established in 2017, Princeton Digital operates more than 20 data centres in China, Singapore, India, Indonesia, Malaysia and Japan, according to its website. Warburg Pincus invested in and helped set up the company, along with founder Rangu Salgame. Princeton Digital said in May it raised more than US$1.2 billion in financing to help boost its growth and development of AI-ready data centre infrastructure across Asia. In 2022, it raised more than US$500 million in a funding round led by Abu Dhabi sovereign fund Mubadala Investment Co. Existing shareholders Warburg Pincus and Ontario Teachers' Pension Plan Board also participated. Stonepeak has recently been an active player in Asia. Bloomberg News in June reported that Stonepeak was in exclusive talks for a buyout of Yinson Holdings Bhd that may value the firm at as much as RM9 billion (US$2.1 billion), in what could be one of the biggest deals in Malaysia this year. A month earlier, Stonepeak agreed to buy container leasing company Seaco from an arm of failed Chinese conglomerate HNA Group for a base price of US$1.75 billion, subject to adjustments. Alternative asset managers have been deploying capital in digital infrastructure in Asia. Last year, a consortium of KKR & Co and Singapore Telecommunications Ltd agreed to invest S$1.75 billion (US$1.3 billion) for a minority stake in ST Telemedia Global Data Centres via redeemable preference shares and warrants.
Bloomberg
08-07-2025
- Business
- Bloomberg
Stonepeak Is Said in Talks to Invest in Warburg-Backed Princeton
Stonepeak Partners is in talks to invest in data center operator Princeton Digital Group, people familiar with the matter said, as the US infrastructure investor seeks to build up its presence in Asia Pacific. Stonepeak may seek to invest more than $1 billion in Singapore-based Princeton Digital via a structured equity deal, the people said, asking not to be identified because the deliberations are private. Talks are ongoing and no final decisions have been made, the people said, adding that details such as the final size and structure of the transaction could change.
