KKR to Buy 20% Stake in Singtel’s Regional Data Center Business
September 18, 2023
Singtel and KKR reached a definitive agreement under which a KKR-managed fund will invest up to S$1.1 billion (about US$800 million) for a 20% stake in Singtel’s regional data center business within its Digital InfraCo unit. The stake can increase to 25% by 2027 at a pre-agreed valuation, and the proceeds will help accelerate expansion across ASEAN markets.
- Buyers
- KKR-managed fund
- Targets
- Singtel’s regional data center business (Digital InfraCo)
- Sellers
- Singtel
- Industry
- Infrastructure
- Location
- Singapore
- Transaction Type
- Growth capital
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