3 private equity firms plan to invest $500-$600m in GDS Holdings' data center business outside China, as they shift focus to Southeast Asia.
Hillhouse Capital, Boyu Capital, and CDH Investments are in advanced talks to invest $500-$600m in GDS Holdings' data center business outside China, as private equity firms shift their focus from China to Southeast Asia. GDS, with data centers in Chinese cities, has been considering selling a minority stake. The company's ADRs have fallen 59% in the past 12 months, valuing it at around $1.2bn.
March 11, 2024
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