Asia-Pacific data center platform Princeton Digital Group (PDG) has hired Goldman Sachs to undertake a strategic review that might result in a potential minority sale which could value the firm at billions of dollars, Bloomberg reported last week, citing sources familiar with the matter.
Several investment firms and industry players have shown interest in acquiring the stake, the people added.
PDG is backed by private equity firm Warburg Pincus, its largest shareholder. Other shareholders include Ontario Teachers’ Pension Plan, the UAE’s Mubadala, and Stonepeak.
Headquartered in Singapore, PDG was founded in 2017 and operates in seven countries including Singapore, Japan, South Korea, India, Indonesia, China, and Malaysia with a total portfolio exceeding 1.8 GW. It is also exploring potentially entering into the Australian market.
PDG did not respond to requests for comment while representatives from Warburg Pincus, Goldman Sachs, Stonepeak, Mubadala and OTPP declined to comment.
In March, w.media reported that PDG has secured US$ 350 million in debt financing as part of its plan to raise up to US$ 5 billion funding in 2026 to support its rapidly expanding hyperscale projects across Asia.