Princeville Capital

GDS Holdings (GDSH) Limited, a leading developer and operator of high-performance data centers in China and Southeast Asia, announced that GDSH’s wholly-owned subsidiary, GDS International (GDSI), that acts as the holding company for GDSH’s international data center assets and operations, has entered into definitive agreements with Princeville Capital and other leading international private equity investors including Hillhouse, Rava Partners, Boyu Capital, and Tekne Capital to invest in GDSI’s US$587 million Series A. This transaction is a significant step forward for GDSI in obtaining dedicated financing for the development of its current significant data center pipeline, as well as further international expansion.


GDSI was established in 2022, with its corporate headquarters in Singapore. Its portfolio currently comprises 330 MW of data center capacity in service and under construction and a further 340 MW held for future development across strategic locations in, among others, Hong Kong, Singapore, Malaysia, and Indonesia. GDSI has secured commitments and reservations from customers for over 200 MW of capacity, of which over 70 MW is already revenue-generating.


“I am delighted to announce this landmark capital raising, which is a big step forward in our strategy to obtain dedicated financing for the development of our international business on a standalone basis,” said Mr. William Huang, Chairman and CEO of GDSH and Chairman of GDSI. “Within a short period of time, we have established market-leading positions in the major hub markets of Hong Kong and Singapore-Johor-Batam. We see tremendous opportunities for growth in these markets as well as in other new markets which we are currently evaluating. This equity issue benchmarks the significant value, which we have created for our shareholders. We look forward to additional achievements by our international business, further emulating our success in China.”


GDS Announcement:

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