Skip to the content
W.Media
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Home
  • Company
  • Conventions
  • Digital Events
  • Contact Us
  • Tech News
  • Digital Week
  • Tech News
  • Digital Week
search
×

PDG secures $360m investment round led by Ontario Teachers’

Published 28 October 2020

0 comments

Stuart
W.media | editor
Share on Facebook Share
Share on TwitterTweet
Share on LinkedIn Share

Princeton Digital Group (PDG) has agreed to a new US$360 million equity investment led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’).

The Singapore-based investor, operator, and developer of data centers is one of Asia’s leading data center companies, with a presence in key digital economies like China, Singapore and Indonesia.

“We are delighted to have Ontario Teachers’ as an investor in PDG. Their track record of long-term investments combined with deep data center experience makes them a great partner as we continue to scale our business,” said Rangu Salgame, the Co-founder, Chairman and CEO of PDG.

Ontario Teachers’ has also invested in data center players, including US-based Compass Datacenters and Canada’s Q9 Networks.

“We see data centers as a compelling investment opportunity given their essential role in the rapid digitalisation and growth of data occurring in Asia and around the world,” said Ben Chan, the Regional Managing Director for Asia Pacific at Ontario Teachers’.

“We have been impressed by PDG’s high-quality management team, unique strategy, and track record of success and look forward to leveraging our experience to help the company continue to scale across Asia,” he added. 

Joining Ontario Teachers’ in the new round of fundraising was Warburg Pincus, which has been the largest institutional investor of PDG, with a US$300 million investment in 2017.

“Since backing the founders in PDG’s formative days, we have been impressed with their ability to build a leading pan-Asian presence within a short period of time,” said Ellen Ng, Managing Director, Head of China Real Estate, Warburg Pincus.

Since its founding three years ago, PDG has built a portfolio of 18 data centers across four countries: China, Singapore, Indonesia, and India. The company serves hyperscalers, Internet and cloud companies as they expand across the region. 

We see a tremendous opportunity for PDG to continue to grow across the largest and fastest growing markets in Asia. We are excited to welcome Ontario Teachers’ as a like-minded and value-adding partner to this venture as PDG embarks on its next phase of growth,” added Ms. Ng.

PDG has grown through a combination of acquisitions, carve-outs, and development, and will continue to execute on this strategy in its existing and new markets.

Got a story, opinion or more information on this article? Contact us at editor@w.media.
And sign up to the W.Media Newsletter to get the latest data center, cloud and cybersecurity updates!

Get all the latest insights at W.Media events

We have a plethora of events to whet your appetite for the latest cloud, data center and cybersecurity intel delivered by some of the top experts in the field.

> Inform your business by registering for W.Media digital events

Get involved in the conversation and connect with your peers on LinkedIn and Facebook using #WMediaEvent!

Stuart Crowley

Editor, W.Media

editor@w.media

Receive the latest news.

We'll keep you in the loop.

Great! now press

Featured Articles


Digital Realty launches third Singapore-based data center


DreamMark1: Shaping Korea’s tech dreams


Back To Tech News

More Articles

iLink Digital acquires majority stake in Dazeworks

iLink Digital, a global software solution provider has... Read More

IMDA hits StarHub and M1 with fines for Internet outages during circuit breaker

Two of Singapore’s biggest Internet service providers,... Read More

Vietnam’s Sacombank partners IBM to transform cybersecurity ops centre

Sacombank announces on Friday its further cooperation with... Read More

Telkom Indonesia partners with Everynet for national IoT rollout

Indonesia’s leading telecommunication service provider,... Read More

Logo

W.Media is Global B2B Tech Marketing
Company & Community Hub,

We Specialize in PR, Digital Media Marketing and Events Coordination
for the Cloud/IT, Datacenter, & Digital Transformation Industries.

  • facebook
  • linkedin
Quick Links
  • Company
  • Contact Us
  • Privacy Policy
  • Terms & Conditions
Offerings
  • Tech News
  • Digital Events
  • Conventions
  • Digital Week

Copyright © 2020 W.Media | All Rights Reserved

Receive the latest news.

We'll keep you in the loop.

Great! now press