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Data centre specialist Princeton Digital raises $500 mln, led by Mubadala

The funding will enable the Princeton Digital to deepen its presence in Japan, India, Singapore.

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Deepsekhar Choudhury Bengaluru
Asian data centre operator Princeton Digital Group (PDG), which is backed by Warburg Pincus, has raised more than $500 million in an equity investment round led by Abu Dhabi state fund Mubadala.

While Mubadala led the round with a $350 million cheque, existing shareholders Warburg Pincus and Ontario Teachers’ Pension Plan Board (Ontario Teachers’) accounted for the rest.

Established in 2017, PDG is a leading pan-Asia data center operator with a footprint across key Asian digital economies. It has a portfolio of 20 data centres and serves internet, cloud companies, and financial institutions with scalable and reliable infrastructure.

The funds

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First Published: Feb 22 2022 | 12:44 PM IST

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