PDG to Sell China Assets as Foreign PE Firms Exit China's Data Center Sector

PDG to sell China assets as foreign PE firms exit China's data center sector

PDG looking to sell China data centers

Could be worth as much as $1bn, according to people familiar with the matter

Warburg Pincus-backed PDG to launch sale process of Chinese data centres

Princeton Digital Group, which is backed by buyout firm Warburg Pincus, is preparing a sale of its China assets that could earn up to $1bn as firms look to exit their data centre holdings in the country, according to a report by the Financial Times. The process marks one of the final exits in a broader unwind of global buyout firms’ exposure to China’s digital infrastructure market. Surging demand from cloud providers such as Alibaba, Tencent, a…

Global buyout funds exit China's data centres with final $1B deal

The exit of global buyout funds from China's data centers signals a shift towards local control and highlights geopolitical investment tensions. The post Global buyout funds exit China’s data centres with final $1B deal appeared first on Crypto Briefing.