AI boom set to fuel data centre deals in Asia this year

A view of an operations nerve center at a Keppel data centre in Singapore July 3, 2023. REUTERS/Edgar Su/File PhotoSYDNEY/HONG KONG/SINGAPORE, May 8 - Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence boom fuels demand for digital infrastructure.

In 2023, the region's data centre deals hit a record high of $3.45 billion, according to LSEG. That tally is set to be surpassed this year with at least a couple of large transactions in the pipeline.to acquire AirTrunk, which owns 11 hyperscale data centres in Australia and the rest of the region, sources close to the transaction said.

"We have explored several potential partners, but we are still evaluating for the best one," he said. "We expect to finish this process by the end of this year."U.S. investment firm Bain Capital is seeking credit financing for the international assets of data centre operator Chindata and investments for its China business, people close to Bain Capital said.

The firm would actively invest in additional projects, with a particular focus on Japan and South Korea, said Nikhil Reddy, head of APAC real estate at GSAM.

Source: Tech Daily Report (techdailyreport.net)

BACT BISV BISV08 BIZ DEAL1 FIN FINS FINS08 INVBIS INVM INVS08 MRG PVE EASIA HK ASXPAC EMRG CN ASIA

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