Tag Archives: Data centers

KKR-Led Consortium with Singtel Group to Fully Acquire ST Telemedia Global Data Centres at S$13.8 Billion Enterprise Value

KKR

Marks one of the largest digital infrastructure transactions in Southeast Asia

SINGAPORE–(BUSINESS WIRE)– Global investment firm KKR, Asia’s leading communications technology group Singtel, and ST Telemedia today announced the signing of definitive agreements under which funds managed by KKR and Singtel (together, the “Consortium”) will acquire the remaining 82% stake in ST Telemedia Global Data Centres (“STT GDC” or the “Company”), a leading data centre colocation services provider, from founding shareholder ST Telemedia for a total consideration of S$6.6 billion (approximately US$5.1 billion). This represents an implied enterprise value of approximately S$13.8 billion (approximately US$10.9 billion), including leverage and capital expenditure for committed projects.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260202441025/en/

Upon completion, KKR and Singtel will own stakes of 75% and 25% respectively in the Company, taking into account the conversion of existing redeemable preference shares that both KKR and Singtel hold in the Company.

The Consortium first invested S$1.75 billion (approximately US$1.3 billion) in STT GDC through preference shares and warrants in what marked the largest digital infrastructure investment in Southeast Asia in 2024. Since then, the Company has grown its pipeline from 1.4GW in 2024 to over 1.7GW.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms with 2.3GW of design capacity across 12 major markets in Asia Pacific and United Kingdom and Europe. It provides critical services including high-quality colocation, connectivity and round-the-clock support services. As demand for AI and cloud services continues to accelerate, it is fuelling the need for new data centres to drive resource-intensive workloads.

David Luboff, Co-Head of KKR Asia Pacific and Head of Asia Pacific Infrastructure at KKR, said, “Digital infrastructure remains one of the most compelling long-term investment themes globally as cloud computing and data-rich applications continue to reshape how data is created, stored, and processed. STT GDC is well-positioned within this landscape, with a diversified footprint, strong development pipeline and a leadership team with a clear vision for global scale. This transaction represents a rare opportunity to further support a high-quality platform and deepen our strategic partnership with Singtel. We look forward to deploying KKR’s global network and deep digital infrastructure expertise to help STT GDC accelerate its next phase of sustainable, international growth.”

Arthur Lang, Group Chief Financial Officer of Singtel, said, “This acquisition is a significant step towards scaling our new growth engine in digital infrastructure as mapped out in our Singtel28 growth plan. STT GDC’s diverse geographical footprint increases our exposure to new markets and makes the Singtel Group a stronger data centre player with global reach. We appreciate ST Telemedia’s stewardship of the company and are confident that its seasoned leadership team will continue to scale the solid platform they have built. When added to our portfolio of data centre assets that includes Nxera in which KKR is also a capital partner, it meaningfully changes the business complexion of the Group while creating new opportunities for capital optimisation and growth. We will continue to exercise discipline in capital allocation and evaluate capital recycling alternatives to fund growth and maintain balance‑sheet efficiency. Our dividend and growth plans under Singtel28 remain intact.”

Stephen Miller, President & Group CEO of ST Telemedia, said, “ST Telemedia established STT GDC 12 years ago to pioneer one of Asia Pacific’s leading data centre platforms, combined with an equally strong position in the United Kingdom and Europe through VIRTUS. We are proud of STT GDC’s market leadership and the exceptional value creation achieved by the team over that period. As the data centre sector has fundamentally shifted, its exponential trajectory now requires a different scale of capital and specialised focus for STT GDC’s next exciting phase of continued growth. As a long-term, strategic shareholder, we have steadfastly supported STT GDC’s development and transformation. This transaction demonstrates our strategic stewardship while ensuring STT GDC’s ongoing sustainable growth with an optimal partner. Finally, we extend our deep gratitude to the STT GDC management and staff for their outstanding execution and dedication over the past 12 years.”

Bruno Lopez, President & Group CEO of STT GDC, said, “Today’s announcement marks an exciting new chapter in STT GDC’s journey, building on the strong foundations established over the past 12 years. We appreciate the pivotal role of ST Telemedia in nurturing and guiding the business to the breadth and scale it is today. This expanded investment from KKR and Singtel underscores their confidence in the quality of STT GDC’s business and its growth trajectory and will further accelerate our mission to deliver the critical infrastructure powering tomorrow’s digital economy. With the consortium’s global expertise, regional networks, financial strength and, most importantly, our shared ambition, STT GDC is poised to scale rapidly and capture the next wave of significant growth in cloud and AI demand. Coupled with our proven leadership and exceptional teams across all markets, STT GDC is well-positioned to shape the future of sustainable digital infrastructure and continue delivering value to our customers, partners and employees.”

The transaction is expected to close by early second half of 2026, subject to customary closing conditions, including regulatory approvals.

Consortium Background:

KKR is making this investment predominantly from its Asia Pacific infrastructure strategy. This marks KKR’s latest digital infrastructure investment in Southeast Asia and globally. Past investments in this region have included: Nxera, a Singapore-headquartered data centre platform serving Asia Pacific; Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; and OMS Group, a neutral subsea telecommunications cable services provider. Globally, KKR’s data centre investments have included: CyrusOne, a global data center owner and operator and Global Technical Realty, a data center platform with a focus on Europe and the UK, among others. KKR’s Asia Pacific infrastructure platform has grown to approximately US$16 billion (approximately S$20 billion) in assets under management since it was established in 2019, as of September 30, 2025.

Singtel Group is a leading provider of connectivity, digital services and digital infrastructure, with data centres a critical part of the business. In September 2023, KKR acquired a 20% stake in Nxera. The operational capacity of Nxera’s data centres in Southeast Asia is expected to more than double from over 200MW in 2026 to over 400MW in the mid-term. These data centres together with the Group’s extensive regional terrestrial fibre network, subsea cable network spanning more than 195,000 km across 30 countries, Paragon orchestration platform and RE:AI AI cloud service, form the core portfolio of its Digital InfraCo unit. This transaction is not expected to have an impact on Singtel’s credit rating and dividend policy.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries.

For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Singtel Group

Singtel Group is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 820 million mobile customers in 20 countries.

For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.

Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.

For more information, visit www.singtel.com.

About ST Telemedia

ST Telemedia (STT) is a Singapore-headquartered strategic investor specialising in Communications, Data Centres and Infrastructure Technology businesses globally. Its vision is to build leading digital services and infrastructure platforms that facilitate business growth and help societies advance. Since commencing operations in 1994, STT has demonstrated a strong track record of building and growing its portfolio companies into market leaders in both developed and high-growth markets. STT is represented in 15 countries across Asia, Europe and the US.

For more information, visit https://www.sttelemedia.com/

About ST Telemedia Global Data Centres

ST Telemedia Global Data Centres (STT GDC) is one of the fastest-growing data centre providers with a global platform serving as a cornerstone of the digital ecosystem that helps the world to connect. Powering a sustainable digital future, STT GDC operates across Singapore, the UK, Germany, India, Thailand, South Korea, Indonesia, Japan, the Philippines, Malaysia and Vietnam, providing businesses an exceptional foundation that is built for their growth anywhere.

For more information, visit www.sttelemediagdc.com

Media Contacts

For KKR:
Wei Jun Ong
+65 9139 5813
weijun.ong@kkr.com

For Singtel:
Lian Pek
+65 9488 2696
lianpek@singtel.com

For ST Telemedia:
Stephen Miller
stephen_miller@sttelemedia.com

For ST Telemedia Global Data Centres:
Chow Yi
+65 9784 6406
yi.chow@sttelemediagdc.com

Source: KKR

 

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Bain Capital Successfully Completes $4 Billion Strategic Sale of WinTriX’s China Business

BainCapital

Beijing, January 16, 2026 — Bain Capital, a leading global private investment firm, today announced the successful completion of the sale of the China business of its data center portfolio company WinTriX DC Group (hereinafter “Chindata”) to a consortium led by Shenzhen Dongyangguang Industry Co., Ltd. (hereinafter “HEC”). The transaction, which values the business at approximately $4 billion, represents the largest transaction in the history of China’s data center industry.

The completion of the transaction marks a successful collaboration between Bain Capital and HEC, further underscoring strong industry confidence in the long-term growth potential of China’s digital infrastructure. Since Bain Capital’s initial investment in 2018, Chindata has grown into one of China’s leading hyperscale data center platforms, playing a critical role in supporting the rapid development of artificial intelligence, big data, and cloud computing.

“We are pleased to see this landmark transaction successfully completed,” said Drew Chen, a Partner at Bain Capital. “Chindata’s growth journey reflects Bain Capital’s long-term commitment to building and scaling category-leading businesses in partnership with strong management teams. We believe that HEC will build on this strong foundation and continue to advance Chindata into its next phase of growth.”

About Bain Capital
Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. We have 24 offices on four continents, more than 1,945 employees, and approximately $215 billion in assets under management.

 

Media Contact

Asia / China

Zhen Trudy Wang

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Alt Goes Mainstream: Inside Infrastructure Investing

Stonepeak

Cyrus Gentry, CEO of SP+ INFRA, joined Michael Sidgmore of the Alt Goes Mainstream podcast at one of Stonepeak’s newest data center assets to break down what makes infrastructure assets durable – hard asset backing, mission-critical services, high barriers to entry, and inflation-linked pricing power – and to share insights on the development of Stonepeak+, the firm’s dedicated wealth platform. Listen in for a thoughtful discussion on today’s infrastructure investing landscape and a practical framework for where the asset class fits in an investment portfolio.

 

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KKR and Oak Hill Capital Commit Nearly $2 Billion to Leading European Data Center Platform Global Technical Realty

KKR

Investment to accelerate GTR’s expansion as demand for next-generation data center infrastructure continues to rise across Europe

NEW YORK & LONDON–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced that it is making an additional $1.5 billion equity commitment to Global Technical Realty (“GTR”), a multi-billion dollar European built-to-suit data center platform. In connection with this investment, Oak Hill Capital (“Oak Hill”), a thematic, middle-market private equity firm, will join as an investor in the company, committing approximately $400 million.

Founded by leading data center entrepreneur Franek Sodzawiczny and KKR, GTR has grown into one of Europe’s premier developers and operators of mission-critical data center capacity. Since the launch of the platform in 2020, GTR has established a strong footprint across both primary and emerging high-growth markets, delivering innovative data centers designed to meet the requirements of hyperscale, cloud and AI-driven workloads, supported by a team drawn from some of the industry’s most experienced participants.

The new commitments from KKR and Oak Hill will support GTR’s substantial development pipeline, including additional greenfield capacity and new market entries across Europe to meet rising demand for high-performance and power-dense compute and cloud infrastructure. With a growing operating team and multiple projects already in execution, GTR is positioned to scale rapidly across Europe as demand for AI-ready data center capacity continues to accelerate.

“As rapid cloud growth continues and scaled AI demand begins to materialize, the need for high-quality, power-efficient, and scalable data center infrastructure in Europe has never been greater,” said Andrew Peisch, Partner at KKR. “GTR has established itself as one of Europe’s most capable developers of next-generation facilities, and we are thrilled to deepen our commitment to the platform while expanding our long-standing relationship with Oak Hill.”

“We are pleased to invest in GTR and collaborate with KKR to support a platform that sits at the intersection of cloud, AI, and critical infrastructure,” said Adam Hahn, Partner at Oak Hill. “GTR has built a differentiated platform with a strong management team, and we look forward to supporting the company as it continues to scale to meet the growing digital infrastructure needs across Europe.”

Franek Sodzawiczny, CEO and founder of GTR, added: “This investment marks a major inflection point for GTR. Demand from hyperscale and AI-driven customers across Europe continues to accelerate, and this capital enables us to scale our team, deepen our operating capabilities, and move faster into new markets. KKR has been an exceptional strategic partner since our inception, and their renewed commitment positions us to execute against a substantial development pipeline. We are also delighted to welcome Oak Hill, whose deep experience in digital infrastructure and telecommunications will be invaluable as we scale the platform for its next phase of growth.”

KKR is funding its investment primarily from its Global Infrastructure Strategy. The firm has committed approximately $34 billion of equity into digital infrastructure across 24 investments, alongside more than $20 billion in power and renewables. KKR’s portfolio includes five data center platforms across the U.S., APAC, and EMEA totaling more than 155 facilities and a 12-gigawatt development pipeline, twelve fiber platforms reaching nearly 30 million homes, and over 130,000 wireless infrastructure sites across Europe and APAC.

Oak Hill and its predecessors have been investing in digital infrastructure for over 30 years, with 30 investments to date. The investment in GTR marks the firm’s fourth platform investment in the data center space and draws on Oak Hill’s deep experience in scaling digital infrastructure businesses.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Oak Hill Capital

Oak Hill Capital is a thematic, middle-market private equity firm focused primarily on investing in resilient, defensive growth-oriented services businesses. The firm takes a systematic approach to identifying and building enduring franchises aligned with high conviction themes in (i) digital infrastructure; (ii) financial services; and (iii) essential services. Headquartered in New York City, with offices in Menlo Park and Stamford, over its ~40-year history, Oak Hill has invested in over 115 companies and has raised over $25 billion of initial capital commitments and co-investments since inception. For more information, please visit www.oakhill.com.

About Global Technical Realty

GTR is a build-to-suit European data center platform. The company’s focus is the design and construction of tailored and sustainable data centers for global hyper-scalers in key global markets. GTR’s management team comprises seasoned professionals with extensive technical real estate experience and a proven track record in the data center sector. For further information: www.globaltechnicalrealty.com.

Media Contacts

KKR

Liidia Liuksila
Media@KKR.com

Oak Hill

Trevor Gibbons / Alex Hinson
Pro-OakHillCapital@prosek.com

Global Technical Realty
Clare Shepard
Clare.Shephard@maillot-jaune.co.uk

Source: KKR

 

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Apollo Backs $5.4 Billion Valor and xAI Data Center Compute Infrastructure Transaction with $3.5 Billion Capital Solution

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Apollo logo

GPU Lease Financing to Support xAI’s Second Data Center

NEW YORK, Jan. 07, 2026 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds and affiliates (the “Apollo Funds”) have led a $3.5 billion capital solution for Valor Compute Infrastructure L.P. (“VCI”), a fund managed by Valor Equity Partners (“Valor”), to support its $5.4 billion acquisition and lease of data center compute infrastructure, including NVIDIA GB200 GPUs, to a subsidiary of xAI Corp (“xAI”). The financing uses a triple net lease structure and will support one of the world’s most powerful compute clusters for ongoing model training and development of Grok.

NVIDIA invested in VCI as an anchor Limited Partner alongside many of Valor’s institutional investors. Since inception in 2023, xAI has rapidly established its position as one of the leading companies in artificial intelligence, with Grok 4 demonstrating strong performance across benchmarks.

“This transaction represents a hallmark, downside-protected investment for Apollo in the AI infrastructure space and underscores our role as a leading provider of flexible, asset-based capital for next-generation assets,” said Apollo Partner Christopher Lahoud. “We are supporting the growth of this transformative technology by investing in the critical infrastructure that enables it, alongside highly regarded partners like Valor and NVIDIA, who are driving the next wave of innovation.”

“VCI is an extension of our continued service as a firm to xAI. The fund provides investors with the opportunity to invest in critical artificial intelligence compute infrastructure with quarterly cash distributions and upside through ownership of the compute assets,” said Valor Founder, CEO and CIO Antonio Gracias.

Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade, driven by secular trends associated with the Global Industrial Renaissance and accelerating demand for compute capacity and AI workloads. Since 2022, Apollo-managed funds and affiliates have deployed over $40 billioni into next-generation infrastructure, including compute capacity, digital platforms and renewable energy.

Latham & Watkins LLP served as legal counsel to the Apollo Funds, Proskauer Rose LLP served as legal counsel to VCI and Sullivan & Cromwell LLP served as legal counsel to xAI.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

About Valor Equity Partners

Valor Equity Partners is an operational growth investment firm focused on investing in high-growth companies across various stages of development. For decades, Valor has served its companies with unique expertise to solve the challenges of growth and scale. Valor partners with leading companies and entrepreneurs who are committed to the highest standards of excellence and the courage to transform their industries. As of December 31, 2025, Valor had approximately $55 billion of assets under management. For more information on Valor Equity Partners, please visit www.valorep.com.

Contacts

Noah Gunn

Global Head of Investor Relations

(212) 822-0540

IR@apollo.com

Joanna Rose

Global Head of Corporate Communications

(212) 822-0491

Communications@apollo.com

________________________________
i Includes certain transactions that have signed but not yet closed. There can be no assurance that these transactions will close as expected or at all.

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Antin to acquire NorthC, a leading European enterprise colocation data centre platform, from DWS

Antin

Paris, London, New York

Antin Infrastructure Partners has agreed to acquire NorthC Datacenters, a leading enterprise colocation data centre platform in Northwest Europe, from DWS and other minority shareholders. The transaction is being carried out through Antin’s Flagship Fund V.

Based in Amsterdam, NorthC operates 25 colocation data centres across major metropolitan areas in the Netherlands, Germany and Switzerland. The platform has more than 140 MW of secured gross grid capacity from existing and greenfield sites to support future growth.

NorthC was formed in 2019 through the combination of two Dutch data centre operators and has rapidly become a major European player. Under the leadership of CEO Alexandra Schless, the company has expanded into Germany and Switzerland, delivering sustained organic growth supported by greenfield developments and bolt-on acquisitions, including, most recently, six data centres in Germany and the Netherlands.

NorthC serves more than 1,600 blue-chip customers across cloud and IT service providers, carriers, public sector and financial institutions, industry, transport and the healthcare and pharmaceutical sectors. The company is well positioned to continue growing, benefitting from strong, long-term market demand for high-quality colocation solutions, underpinned by continued IT outsourcing, cloud adoption, increasing data sovereignty requirements and rapidly growing AI workloads.

Antin has a long track record of investing in and scaling critical digital infrastructure platforms across Europe. This includes notably Pulsant, a leading regional enterprise colocation data centre platform in the UK, as well as various connectivity and communications infrastructure platforms in fibre and towers. The acquisition of NorthC builds on this expertise and further strengthens Antin’s position as a partner of choice for high-growth digital infrastructure businesses across the continent.

Upon closing, this investment will mark the sixth by Antin’s €10.2 billion Flagship Fund V. Antin’s Flagship strategy targets sizeable investments in established infrastructure companies across Europe and North America in the energy and environment, digital, transport and social sectors, following a value-add investment approach to grow and transform infrastructure businesses. Antin will invest alongside Alexandra Schless and the management team, who bring deep sector expertise and a proven track record of delivering growth.

Stéphane Ifker and Maximilian Lindner, respectively Managing Partner and Partner at Antin Infrastructure Partners, commented: “We have a strong conviction on the growth potential for colocation data centres, and NorthC is the leading operator in this space in Europe. NorthC is well positioned to accelerate its expansion and consolidate its leadership in a fast-growing and increasingly strategic segment of the digital infrastructure market. We look forward to supporting Alexandra and the team to achieve the next phase of NorthC’s growth.”

Harold D’Hauteville, Partner of DWS Infrastructure, added: “We are thrilled to have had the opportunity to create and grow NorthC with its incredible management team over the past six years. NorthC’s consistent focus on providing high quality colocation services to its clients across the Benelux and DACH region has established the business as a regional leader. We see strong growth potential in the enterprise colocation sector, as essential infrastructure required to enable the digital transformation and AI. We have no doubt that the management will continue to scale the business to reach new heights under its new ownership in the years to come.”

Alexandra Schless, CEO of NorthC, stated: “We are grateful to DWS for its support over the past years, and are delighted to work alongside Antin to continue taking the company forward. Antin’s direct experience of colocation data centres and knowledge of the enterprise end-customer market will be strong assets to help us seize the many growth opportunities that lie ahead.”

The transaction remains subject to regulatory approvals and is expected to close in H1 2026.

NorthC was advised by Evercore and Torch Partners as financial advisers and Latham & Watkins as legal adviser. Antin was advised by Guggenheim Securities as financial adviser and Clifford Chance and Simpson Thacher & Bartlett as legal advisers.

 

About Antin Infrastructure Partners

Antin Infrastructure Partners is a leading private equity firm focused on infrastructure. With over €33 billion in assets under management across its Flagship, Mid Cap and NextGen investment strategies, Antin targets investments in the energy and environment, digital, transport and social infrastructure sectors. With offices in Paris, London, New York, Seoul, Singapore and Luxembourg, Antin employs over 240 professionals dedicated to growing, improving and transforming infrastructure businesses while delivering long-term value to portfolio companies and investors. Majority owned by its partners, Antin is listed on Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0). For more information visit: www.antin-ip.com/

 

About DWS

DWS Group (DWS), with EUR 1,054bn of total assets under management (as of 30 September 2025), is a leading European asset manager with global reach. With approximately 4,900 employees in offices around the world, DWS offers individuals, institutions and large corporations access to comprehensive investment solutions and bespoke portfolios across the full spectrum of investment disciplines. Its diverse expertise in Active, Passive and Alternative asset management enables DWS to deliver targeted solutions for clients across all major liquid and illiquid asset classes. www.dws.com

 

About NorthC

NorthC Group operates data centers in the Netherlands, Switzerland, and Germany. NorthC distinguishes itself by a strong local presence in various regions, high-quality services, and customized connectivity and hybrid cloud solutions. NorthC aims to be completely climate neutral by 2030, based on four sustainability pillars: 100% green energy, green hydrogen, optimal use of waste heat from data centers, and modular construction. More information can be found on the NorthC Datacenters website: www.northcdatacenters.com/en

 

 

Media Contacts

Antin Infrastructure Partners

Thomas Kamm, Partner – Head of Communications

Email: media@antin-ip.com

 

Nicolle Graugnard, Communication Director

Email: media@antin-ip.com

 

Ludmilla Binet, Head of Shareholder Relations

Email: shareholders@antin-ip.com

 

Brunswick

Tristan Roquet Montegon

+33 (0) 6 37 00 52 57

Email: antinip@brunswickgroup.com

 

NorthC Group

Lisa van den Berg – Director Marketing

+31 6 14730512

Email: lisa.vandenberg@northcdatacenters.nl

 

DWS Group

Nick Bone – Head of International Media Relations

+44 207 547 2603

Email: nick.bone@dws.com

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Stonepeak and Columbia Capital to Acquire Berlin Data Center Operator IPB

Stonepeak

BERLIN – LONDON – ALEXANDRIA – November 10, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Columbia Capital, an investment firm focused on the digital infrastructure, enterprise technology, and mobility sectors, today announced that they have entered into an agreement to acquire IPB Internet Provider in Berlin GmbH (“IPB” or the “Company”), a leading data center operator in Berlin.

IPB was a founding member of the Berlin Commercial Internet Exchange (“BCIX”) and established Berlin’s first carrier-neutral colocation data center in 2003, which now represents the primary interconnection hub in the emerging Berlin data center market. The Company operates two strategically located data centers with a track record of providing reliable and flexible infrastructure solutions to more than 200 customers.

“As land and power constraints in Europe’s Tier I data center markets persist, markets such as Berlin are becoming increasingly important,” said Andrew Thomas, Senior Managing Director at Stonepeak. “IPB is the primary connectivity hub in Berlin, well positioned to capitalize on cloud demand overflow to Tier II markets and the shift to AI inferencing. We’re excited to again partner with Columbia Capital, and to build on IPB’s strong foundation and support its next phase of growth.”

“IPB has maintained connectivity leadership in Berlin and also co-founded BCIX, the largest IXP in Berlin, and we believe its strategic importance to Berlin’s expanding digital ecosystem will only increase,” said Patrick Hendy, Partner at Columbia Capital. “We look forward to leveraging our experience scaling digital infrastructure businesses to support IPB on its growth journey.”

“Stonepeak and Columbia Capital are ideal partners for IPB as we embark on this next chapter,” said Steffen David, founder and Managing Director of IPB. “We are confident that their disciplined investment approach and combined digital infrastructure expertise, expansive industry relationships, and deep experience scaling data center businesses will enhance our customers’ experience and accelerate our vision for the business.”

The transaction is expected to close in the fourth quarter of 2025. Additional terms of the transaction were not disclosed. Latham & Watkins served as legal counsel to Stonepeak and Columbia Capital. Forvis Mazars served as legal counsel and financial advisor to IPB.

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $79.9 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Columbia Capital
Columbia Capital is a leading growth equity investment firm, focused on partnering with top operators to build companies in the digital infrastructure, enterprise IT, and mobility sectors. Since its inception in 1989, Columbia Capital has invested in over 175 companies across its sectors of focus and currently manages approximately $7 billion of assets. Columbia Capital is headquartered in Alexandria, VA, United States. For more information visit  www.colcap.com. 

About IPB
IPB is a family business founded in 1997 that operates the primary interconnection data centers in Berlin under the CarrierColo brand. The Company provides reliable and flexible infrastructure solutions including colocation and network services to over 200 customers. Sustainability is important to IPB and the Company’s data centers are powered by 100% renewable energy with waste heat re-use contracts in place. 

Contacts

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

For IPB
Jennifer Sainte-Luce
press@ipb.de
+49 30 920 373 920

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Apollo Funds Complete Acquisition of Stream Data Centers

Apollo logo

SDC Positioned to Accelerate Development Across Multi-Gigawatt Hyperscale Pipeline with Apollo Funds’ Capital and Strategic Support

NEW YORK, Nov. 03, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Apollo-managed funds (the “Apollo Funds”) have completed the previously announced acquisition of a majority interest in Stream Data Centers (“SDC” or the “Company”), a leading developer and operator of hyperscale data center campuses across the United States. As part of the transaction, Principal Asset Management® (“Principal”) is acquiring a minority interest in SDC through a Principal-managed fund. SDC’s management team will retain a minority stake and continue to lead the company.

As a key operating platform within Apollo’s ecosystem, SDC is positioned to scale development across its platform and execute on a 4+ gigawatt pipeline serving the world’s most sophisticated technology and AI infrastructure users. To date, the Company has delivered more than 20 campuses on behalf of large hyperscale and enterprise customers primarily in Tier 1 data center markets. With a well-capitalized land fund that has substantial power allocations coming online over the next 12-24 months, Apollo believes SDC is well positioned to serve the rapidly growing market for data usage and compute capacity.

“SDC is an essential part of Apollo’s strategy to scale our presence in digital infrastructure,” said Joseph Jackson and Trevor Mills, Partners at Apollo. “We are excited to support the company’s continued expansion as a scaled provider of next-generation capacity for hyperscale and AI customers across key U.S. markets.”

“Principal has long recognized the transformative potential of the data center sector, and our well-established partnership with SDC reflects our deep commitment to supporting critical infrastructure,” said John Berg and Devin Chen, Senior Managing Directors at Principal. “We are excited to continue supporting SDC’s expansion alongside Apollo.”

Michael Lahoud and Paul Moser, Co-Managing Partners of Stream Data Centers, said, “With Apollo Funds’ and Principal’s support, SDC is now equipped to scale faster and more strategically than ever before. As demand for AI and hyperscale infrastructure continues to surge, we’re proud to operate from a position of strength and look forward to delivering transformative capacity where it’s needed most.”

Apollo estimates that global data center infrastructure will require several trillion dollars of investment over the next decade, driven by accelerating demand for compute capacity and AI workloads. Since 2022, Apollo-managed funds and affiliates have deployed over $40 billioni into next-generation infrastructure, including renewable energy, digital platforms and compute capacity. The firm plans to significantly scale its investment in these areas in the coming years, both through SDC and as a capital partner to other market participants.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com

About Stream Data Centers

Stream Data Centers is a high-growth developer and operator of data center wholesale colocation capacity and build-to-suit facilities for hyperscale and enterprise users in major markets across the United States. For more than 25 years, SDC has set new standards for innovation, operational excellence and sustainability in the data center industry, acquiring, developing and managing complex data center projects for the world’s most demanding users, with over 90% of its inventory leased to Fortune 100 customers. SDC’s dedicated site development entity, Headwaters, continues to build a dedicated land bank of attractive site locations, and SDC provides energy services with a focus on reducing market risk and supplying cost-effective renewable energy options. SDC is a key operating platform within the Apollo (NYSE: APO) ecosystem and is headquartered in Dallas, Texas, with a presence in major markets including Dallas, Phoenix, Chicago, San Antonio, Atlanta and more. To learn more please visit www.streamdatacenters.com

About Principal Asset Management®

With public and private market capabilities across all asset classes, Principal Asset Management and its investment specialists look at asset management through a different lens, creating solutions to help deliver client investment objectives. By applying local insights with global perspectives, Principal Asset Management identifies distinct and compelling investment opportunities for more than 1,100 institutional clients in over 80 markets.1 Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing $601.6 billion in assets1  including $105.2 billion in real estate assets1, and recognized as a “Best Places to Work in Money Management”2 for 12 consecutive years.  To learn more, please visit www.principalam.com

Principal Asset Management and Apollo are not affiliated.

[1] As of September 30, 2025

[2] Pensions & Investments, 2024

Contacts

For Apollo:

Noah Gunn

Global Head of Investor Relations

Apollo Global Management, Inc.

(212) 822-0540

IR@apollo.com

Joanna Rose

Global Head of Corporate Communications

Apollo Global Management, Inc.

(212) 822-0491

Communications@apollo.com

For Stream Data Centers:

Mary Morgan

Vice President of Marketing & Communications

info@stream-dc.com

For Principal Asset Management:

Sara Bonney

Director, Communications

Bonney.sara@principal.com

________________________

i Includes certain transactions that have signed but not yet closed. There can be no assurance that these transactions will close as expected or at all.

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HUMAIN and Blackstone-backed AirTrunk announce partnership to build state-of-the-art data centers in the Kingdom of Saudi Arabia

Blackstone

AirTrunk, the leading data center platform in the Asia Pacific region, backed by the world’s largest alternative asset manager Blackstone, will mark its entry into the Middle East through a strategic partnership with HUMAIN
 
Riyadh, Saudi Arabia – 28 October 2025 – HUMAIN, a global artificial intelligence company based in the Kingdom of Saudi Arabia building end-to-end AI capabilities, and AirTrunk, the leading data center platform in the Asia Pacific region, have agreed to establish a strategic partnership to build data centers in the Kingdom of Saudi Arabia. The initial project involves an approximately US$3 billion investment for a data center campus in Saudi Arabia.

The partnership combines HUMAIN’s trusted reputation as the national AI champion with AirTrunk’s proven track record and operational expertise with key cloud and AI customers to advance Saudi Arabia’s vision to become a global innovation hub.

HUMAIN is owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), and AirTrunk is backed by Blackstone, the world’s largest alternative asset manager, and Canada Pension Plan Investment Board. Together, the companies’ financial strengths and industry leadership underscore the significance of this initiative in shaping the region’s digital ecosystem.
 
Tareq Amin, Chief Executive Officer of HUMAIN, said: “Together with AirTrunk and Blackstone, HUMAIN is strengthening the technological infrastructure that underpins the Kingdom’s digital economy. This partnership marks a pivotal moment in creating scalable, secure, and sustainable data center capacity to support the rapid growth of AI and cloud computing. This initiative not only accelerates Saudi Arabia’s technological advancement but also establishes a platform for long-term economic diversification and global competitiveness.”

Robin Khuda, Founder & Chief Executive Officer at AirTrunk said: “Our strategic partnership with HUMAIN, a key player in the region, will support Saudi Arabia to realize its vision of being a data- and AI-driven economy. We’re bringing together the whole digital ecosystem, combining HUMAIN’s end-to-end AI capabilities, from infrastructure to models, with AirTrunk’s leading hyperscale data center capabilities. This announcement strengthens the AirTrunk data center platform as we deliver world-class digital infrastructure for the cloud and AI across the Asia Pacific and now the Middle East, which is one of the fastest growing regions in the world.”

Stephen A. Schwarzman, Chairman, Chief Executive Officer & Co-Founder, Blackstone, said: “We are thrilled to help power this next era of innovation in the Middle East and enable AirTrunk’s expansion in this important region. The AI revolution continues to be one of Blackstone’s highest conviction themes, and we bring scale and expertise across the ecosystem as the largest provider of data centers globally and a significant investor in related services and infrastructure. This initiative reinforces Blackstone’s position as one of the world’s leading investors in digital infrastructure and marks a commitment to deepening our presence in the Middle East.”

HUMAIN, AirTrunk and Blackstone will develop a long-term strategic partnership focused on financing, developing, and operating next-generation data centers and AI infrastructure across the Kingdom of Saudi Arabia. The collaboration aligns with HUMAIN’s mandate to position the Kingdom as a global leader in artificial intelligence and reinforces its commitment to building best-in-class digital and AI infrastructure. Through this partnership, HUMAIN will lead national efforts to deliver large-scale, AI-ready infrastructure, while Blackstone, the world’s largest data center investor, and its portfolio company AirTrunk, the leading data center platform in the Asia Pacific region, will lead development, bringing global expertise, operational excellence, and investment capacity. The parties will cooperate across several key areas, including data center design, construction, and operation; financing through equity and debt; and go-to-market initiatives to attract hyperscalers and enterprise clients. The partnership will also focus on developing local talent and capabilities, supporting Saudi Arabia’s ambition to build a globally competitive and sustainable digital ecosystem.

About HUMAIN
HUMAIN, a PIF company, is a global artificial intelligence company delivering full-stack AI capabilities across four core areas: next-generation data centers, hyper-performance infrastructure & cloud platforms, advanced AI Models, including the world’s most advanced Arabic multimodal LLMs, and transformative AI Solutions that combine deep sector insight with real-world execution.

HUMAIN’s end-to-end model serves both public and private sector organizations, unlocking exponential value across all industries, driving transformation and strengthening capabilities through human-AI synergies. With a growing portfolio of sector-specific AI products and a core mission to drive IP leadership and talent supremacy world-wide, HUMAIN is engineered for global competitiveness and national distinction. www.humain.ai

About AirTrunk
AirTrunk is a leading hyperscale data centre specialist delivering essential infrastructure to scale Asia-Pacific & Middle East’s digital future, accelerated by cloud and artificial intelligence. The company’s growing data centre platform meets the needs of the world’s most transformational companies, delivering customers a scalable data centre solution at a significantly lower build and operating cost than the market. AirTrunk creates shared value with communities by embedding sustainability through industry-leading energy and water efficiency, renewable energy and water solutions and its social impact program.

A private company, AirTrunk is well capitalized to fund development of hyperscale data centres across the region, including its groundbreaking sustainable financing platform. In 2024, Blackstone (the world’s largest alternative asset manager (NYSE: BX)) along with Canada Pension Plan Investment Board (CPP Investments), acquired AirTrunk, investing alongside AirTrunk’s Founder and CEO Robin Khuda and valuing the company at over A$24 billion. www.airtrunk.com

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.
 
Press Contacts
HUMAIN:
Hana Nemec
pr@humain.com

AirTrunk:
Lise Kay
+61 413 444 899
Lise.Kay@AirTrunk.com

Blackstone:
Ellen Bogard
+852 9731 9726
Ellen.Bogard@Blackstone.com

Dafina Grapci-Penney
+44 (0)755 367 3528
Dafina.GrapciPenney@Blackstone.com

Paula Chirhart
+1 347 463 5453
Paula.Chirhart@Blackstone.com

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Warburg Pincus Partners with DC Connects and Wide Creek AMC to Acquire Land to Develop 80MW Hyperscale Data Centre in South Korea

Warburg Pincus logo

The hyperscale data center features air- and liquid-cooled infrastructure designed to meet rising demand from high-density artificial intelligence applications.

Seoul, September 25, 2025 – Warburg Pincus, the pioneer of global growth investing, today announced that the firm, in partnership with DC Connects, a South Korean data center developer, and Wide Creek AMC, a Seoul-based Asset Manager, has acquired a greenfield site in Yongin City to develop an 80-megawatt hyperscale data center. Construction has officially commenced following the groundbreaking of the landmark project.

The nearly 58,000 square meter facility is strategically located in close proximity to Gangnam and Pangyo, often referred to as the “Silicon Valley of South Korea”—home to major technology firms with strong demand for hyperscale data centers. Designed to meet the highest international standards, the data center facility will feature a high-efficiency air- and liquid-cooling system capable of supporting high-density artificial intelligence (AI) applications ranging from 60kW to 200kW. Equipped with fan walls and coolant distribution units (CDUs), the facility will be fully prepared to meet the needs of global cloud service providers and enterprise clients deploying AI and machine learning (ML) capabilities. The facility is targeted to be ready for service by 2027.

Dongkun Cho, Principal of Warburg Pincus, said, “South Korea represents one of the most compelling markets for next-generation digital infrastructure investment. As Asia’s fourth-largest economy and one of the most advanced ICT ecosystems globally, the country continues to experience accelerating demand for data capacity, driven by AI adoption, cloud migration, and the government’s ‘Digital New Deal’ initiative. At the same time, the Greater Seoul area faces a limited pipeline of large-scale, well-permitted sites with secured power, creating a highly attractive supply–demand dynamic. Partnering with DC Connects and Wide Creek AMC, we are excited to develop a state-of-the-art, 80MW hyperscale data center in Yongin that will deliver reliability, efficiency, and high-density capabilities to meet the evolving needs of global and domestic technology leaders.”

Jaewoo Choi, Founder and CEO of DC Connects, added, “We are proud to break ground on a strategic asset designed from the ground up to meet growing demand from global and local cloud and AI leaders. With 80MW of capacity, best-in-class cooling and power systems, and built-in flexibility for rapid deployment, this data center will deliver the reliability, efficiency, and high-density capabilities that tenants need to operate at scale. This project brings together global expertise, local knowledge, and the dedication of our homegrown team. Together with our partners, we are committed to building secure, future-ready data centers that support our tenants’ long-term growth.”

Hosung Lee, Investment Director of Wide Creek Asset Management, said, “We are pleased to announce the groundbreaking of our second hyperscale data center project. Located in southern Greater Seoul, the asset will be the only hyperscale data center expected to be operational in the area within the next three years, offering exceptional accessibility and industry-leading specifications to clients. The new data center is designed to serve as the optimal choice for clients pursuing AI adoption and digital transformation. We believe that this investment underscores our proven capabilities across the entire development cycle — from strategic land acquisition and regulatory approvals to contractor selection and construction management. Looking ahead, we plan to continue investing in the new economy sector through our strong partnership with Warburg Pincus.”

***

About Warburg Pincus

Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than $86 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.

Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most successful investors in the region, with nearly $10 billion invested in around 60 real estate platforms and ventures across Asia Pacific. For more information, please visit www.warburgpincus.com.

About DC Connects

DC Connects is a data center developer dedicated to meeting the fast-growing demand for digital infrastructure in South Korea. The company provides secure, reliable, and internationally certified facilities that support cloud and AI services, enterprises, and government agencies. Founded by Jae Woo Choi—a seasoned industry leader with experience at Fortune 500 companies including 3M, ABB, and AWS. Most recently, he served as Country Head of DCI Data Center, bringing deep expertise and proven leadership to DC Connects.

About Wide Creek Asset Management

Since its establishment in 2020, Wide Creek Asset Management has set up a total of 14 development projects and has recorded a cumulative AUM exceeding 2.9 trillion won. The firm specializes in innovative real estate investment, operation, and development with a customer-centered and community-focused approach. With a fast-paced and dynamic organizational culture, Wide Creek aims to become a model asset management firm leading the rapidly changing financial markets.

Media Contact

Warburg Pincus – Lisa Liang, Asia Head of Marketing and Communications – Lisa.Liang@warburgpincus.com

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