SINGAPORE–(BUSINESS WIRE)–Oct 19, 2020–
Singapore-based Princeton Digital Group (PDG) has entered into definitive settlement for a brand new US$360M fairness funding led by Ontario Lecturers’ Pension Plan Board (Ontario Lecturers’). Warburg Pincus, which has been the most important institutional investor of PDG, can be collaborating on this new spherical of fundraising.
PDG is an investor, operator, and developer of knowledge centres with presence in the important thing digital economies of Asia. Since its founding three years in the past, PDG has constructed a portfolio of 18 knowledge centres throughout 4 international locations – China, Singapore, Indonesia, and India. The corporate serves high hyperscalers, web and cloud firms as they increase throughout the area. PDG has grown by way of a mix of acquisitions, carve-outs, and improvement, and can proceed to execute on this technique in its present and new markets.
“We’re delighted to have Ontario Lecturers’ as an investor in PDG. Their monitor report of long-term investments mixed with deep knowledge centre expertise makes them an excellent accomplice as we proceed to scale our enterprise. We’re additionally heartened by the continued belief and confidence positioned by Warburg Pincus in PDG,” mentioned Rangu Salgame, co-founder, Chairman and CEO of PDG.
“We’re excited to put money into PDG alongside Warburg Pincus. We see knowledge centres as a compelling funding alternative given their important function within the speedy digitalization and development of knowledge occurring in Asia and around the globe. We now have been impressed by PDG’s high-quality administration workforce, distinctive technique, and monitor report of success and look ahead to leveraging our expertise to assist the corporate proceed to scale throughout Asia,” mentioned Ben Chan, Regional Managing Director for Asia-Pacific at Ontario Lecturers’.
“Since backing the founders in PDG’s formative days, we’ve been impressed with their means to construct a number one pan-Asian presence inside a brief time period. We see an amazing alternative for PDG to proceed to develop throughout the most important and quickest rising markets in Asia. We’re excited to welcome Ontario Lecturers’ as a like-minded and value-adding accomplice to this enterprise as PDG embarks on its subsequent part of development,” mentioned Ellen Ng, Managing Director, Head of China Actual Property, Warburg Pincus.
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CONTACT: Princeton Digital Group
Grace Chen
+65 6679 6273
KEYWORD: SINGAPORE NORTH AMERICA CANADA ASIA PACIFIC
INDUSTRY KEYWORD: TECHNOLOGY FINANCE VENTURE CAPITAL PROFESSIONAL SERVICES SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT
SOURCE: Princeton Digital Group
Copyright Enterprise Wire 2020.
PUB: 10/19/2020 08:00 PM/DISC: 10/19/2020 08:01 PM
http://www.businesswire.com/information/residence/20201019005866/en
Copyright Enterprise Wire 2020.
