(Bloomberg) — KKR & Firm is in talks to purchase ST Telemedia World Knowledge Centres in a deal that might worth the Asian digital infrastructure supplier at greater than $5 billion, based on individuals aware of the matter.
The US funding agency and ST Telemedia may attain a deal within the coming weeks, the individuals mentioned. KKR is already a backer within the carefully held knowledge middle firm often called STT GDC with a 14.1% stake. At a greater than $5 billion valuation, the deal might be among the many largest for KKR this yr, based on knowledge compiled by Bloomberg.
Discussions are superior however may nonetheless be delayed and even collapse, the individuals mentioned, asking to not be recognized as the data is non-public. KKR and STT GDC declined to remark.
Based mostly in Singapore, STT GDC is certainly one of Asia’s largest knowledge middle operators with greater than 100 knowledge facilities throughout 20 main markets together with India, South Korea, Japan and Malaysia. It additionally has presence past Asia in international locations such because the UK, Italy and Germany. The corporate gives providers reminiscent of colocation, connectivity, and assist providers.
A consortium of KKR and Singapore Telecommunications final yr invested $1.4 billion for a minority stake in STT GDC after a aggressive course of.
KKR this yr has pulled out the identical playbook it deployed in the course of the pandemic by investing by the market turbulence triggered by President Donald Trump’s commerce conflict.
In April, it gained a hotly contested public sale for post-trade providers agency OSTTRA with an enterprise worth of greater than $3 billion and introduced an acquisition of Karo Healthcare for greater than €2.5 billion ($2.9 billion), together with debt. Extra lately, KKR agreed to purchase London-listed Spectris, a maker of precision testing tools and software program, for about £4.1 billion ($5.5 billion).
