Middle East

United Arab Emirates Mubadala Leads $ 500 Million Equity Round to Singapore’s Princeton Digital Group

Singapore-based Princeton Digital Group (PDG) has closed its equity investment in Mubadala as a major $ 350 million investor. Existing shareholders of PDG, Warburg Pincus and the Ontario Teachers’ Pension Plan Board have also invested in this round, totaling more than $ 500 million.

Founded in 2017, PDG is Asia’s leading data center operator with a large footprint across Asia’s major digital economies. PDG has a portfolio of 20 data centers with a secure capacity of over 600 MW across 5 countries. The company serves hyperscalers, internet and cloud companies, and financial institutions with scalable and reliable internet infrastructure and world-class data center services.

Regarding Mubadala’s investment in PDG, Khaled Abdulla Al Qubaisi, CEO of Mubadala’s real estate and infrastructure investment, said: PDG is a leading data center infrastructure platform operating in an attractive market with strong tailwinds and meeting growing demand from the hyperscale segment and, more broadly, the digital economy of Asia. Working with PDG management to leverage growth opportunities to create sustainable and long-term value creation, as well as support the development of digital infrastructure in Asia as a key enabler of economic development. looking forward to it. “

With this funding, PDG will be able to strengthen its presence in Japan, India, Singapore, China and Indonesia and accelerate plans to expand into other markets.

Rangu Salgame, co-founder, chairman and CEO of PDG, said: Combining Mubadala’s long-term investment track record with extensive know-how in the field of digital infrastructure, we are an excellent partner to continue to grow our business. “

https://gulfbusiness.com/uaes-mubadala-leads-500m-equity-round-into-singapores-princeton-digital-group/ United Arab Emirates Mubadala Leads $ 500 Million Equity Round to Singapore’s Princeton Digital Group

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