Latham & Watkins has suggested ST Telemedia International Information Centres (STT GDC), a number one knowledge heart colocation companies supplier, on its S$1.75 billion (roughly US$1.3 billion) funding from international funding agency KKR (by means of its Asia Pacific Infrastructure Buyers II Fund), and Singtel, Asia’s main communications know-how group (the consortium). The transaction marks the most important digital infrastructure funding in Southeast Asia thus far in 2024.
Headquartered in Singapore, STT GDC is without doubt one of the world’s fastest-growing knowledge heart suppliers with greater than 95 knowledge facilities throughout 11 geographies and factors of presence in over 20 main enterprise markets. It supplies essential companies together with high-quality colocation, connectivity, and round the clock assist companies.
The transaction contains an preliminary S$1.75 billion (roughly US$1.3 billion) funding by the consortium through Redeemable Desire Shares (RPS), with removable warrants. Upon full train of the warrants, the consortium will make investments a further S$1.24 billion (roughly US$0.9 billion).
The Latham crew was led by Singapore accomplice Sharon Lau, counsel Michael Rackham, associates Tommy Tan and Cherine Teh, and Hong Kong affiliate Gladys Ma, with assist from Hong Kong accomplice Derek Chua and affiliate Christine Lo. Recommendation was additionally supplied on merger management issues by Brussels accomplice Luca Crocco, with affiliate Romain Perrois and on tax issues by New York accomplice Elena Romanova and London accomplice Aoife McCabe, with New York affiliate Sam Yang and London affiliate Joshua Atkinson.
