Mubadala to invest $350 million in Princeton Digital
Mubadala Investment Company agreed to invest $350 million in Princeton Digital Group;
The data center company in Asia is headquartered in Singapore.
A statement yesterday said that this agreement is part of a funding round of more than half a billion dollars, in which "Warburg Pincus Corporation" and the Ontario Teachers' Pension Fund (the Ontario Teachers Fund), which are current shareholders of "Princeton Digital", participate.
Khalid Abdullah Al Qubaisi, Chief Executive Officer of Real Estate and Infrastructure Investments at Mubadala Investments, said: “As one of the most prominent sovereign funds in the world, we are pleased to be the main investor in Princeton Digital, and to conclude this partnership to support its growth.”
He pointed out that Princeton Digital is a leading data center infrastructure platform operating in an attractive market, catering to the growing demand from the large-scale computing sector and digital economies in Asia.
For his part, Rango Salgami, Co-Founder, Chairman and CEO of Princeton Digital Group, said that Mubadala has a proven track record of success in long-term investments and extensive experience in digital infrastructure, which makes it an ideal partner for us. We continue to expand our business.
The Princeton Digital Group, established in 2017, is a data center operator in Asia, with a significant presence in the leading Asian digital economies.
The group includes 20 data centers with capacities of more than 600 megawatts across five countries, providing Internet and cloud companies and financial institutions with world-class and scalable Internet infrastructure and data center services to meet their growing demand across Asia.
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