Former Equinix and Facebook staff at Digital Edge partner with Stonepeak to commit $1bn for a new diversified data center platform in Asia Pacific
Digital Edge and Stonepeak Infrastructure Partners have committed US$1 billion to form a new diversified, independent data center platform.
Digital Edge is a group of seasoned senior executives formerly with Equinix, Facebook, Tata Communications and Macquarie who will focus on acquiring and developing carrier-neutral data centers across Asia Pacific.
“We are very excited to partner with Stonepeak and to have completed the initial capacity acquisitions to fulfill our vision of bridging the digital divide in the Asia-Pacific region,” said Samuel Lee, the CEO of Digital Edge who previously served as President of Equinix’s Asia Pacific business from 2005 to 2019.
Headquartered in Singapore, Digital Edge announced the closing of two initial investments in Japan-based data centers, a key market for the new data center company.
“The transactions in Tokyo and Osaka give the platform a dual footprint offering to customers in Japan’s two primary data center markets,” added Mr. Lee.
The potentially disruptive data center company aims to deliver innovative data center and interconnect solutions in order to make customer deployments easy in complex, evolving environments.
Digital Edge will develop a 12 MW facility in central Osaka in partnership with Keihanshin Building Co. and Kanden Energy Solution Co., Inc. The data center in Tokyo is a strategic partnership with ITOCHU Techno-Solutions Corporation, which will begin with their Mejirozaka Data Center.
“The Asia Pacific digital infrastructure market is among the fastest growing in the world, with demand continuing to outpace supply,” said Brian McMullen, the Senior Managing Director at Stonepeak, an infrastructure-focused private equity firm.
Stonepeak is the majority owner of Cologix, a leading carrier-neutral data center platform in North America, which recently announced the acquisition of vXchnge’s 16,000 square foot data center in Minneapolis, Minnesota.
Stonepeak has also established a presence in Asia Pacific over the past three years with investments across multiple sectors, including this one with Digital Edge.
“We are delighted to partner with Samuel and his team, who bring unparalleled experience and an exceptional track record of development, and are investing in Digital Edge to help us achieve our shared vision for the region,” added Mr. McMullen.
Samuel Lee is also joined at Digital Edge by a long list of senior executives and key data center players, including his prior senior team at Equinix:
- Kei Furuta, former Managing Director for North Asia at Equinix
- Andrew Rigoli, former VP of Corporate Development and Strategy and Interim General Manager for Singapore and Southeast Asia at Equinix
- Jonathan Chou, former VP of Corporate Development for Asia Pacific at Equinix
- Jay Park, former vice president of data center design engineering at Facebook
- John Freeman, former Chief Legal and Compliance Officer at Tata Communications
- Jonathan Walbridge, former Managing Director of Macquarie
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Image credit: Digital Edge
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