PR94557

SINGAPORE, Feb. 22, 2022 /PRNewswire=KYODO JBN/ --

Warburg Pincus and Ontario Teachers', both existing shareholders in PDG, also

invest in this round

Singapore-based Princeton Digital Group (PDG) has closed an equity investment

from Mubadala Investment Company (Mubadala) as a lead investor for $350M. Both

existing shareholders in PDG, Warburg Pincus and Ontario Teachers' Pension Plan

Board (Ontario Teachers'), also invested in this round, with the total

exceeding half a billion dollars.

Established in 2017, PDG is a leading Pan-Asia data center operator with an

unrivalled footprint across key Asian digital economies. PDG has a portfolio of

20 data centers with over 600MW of secured capacity and spanning five

countries. The company serves hyperscalers, internet and cloud companies, and

financial institutions with scalable and reliable internet infrastructure and

world-class data center services to meet their increasing demand across Asia.  

The funds will enable PDG to consolidate its position as the leading Pan-Asia

data center operator, by deepening its presence in Japan, India, Singapore,

China, and Indonesia and accelerating its expansion plans into other markets.

Asia is one of the fastest growing data center regions in the world, driven by

strong market fundamentals such as a large base of internet users, the growth

of digitalization, high levels of data usage and an increasing tech-savvy young

population.

Commenting on Mubadala's investment in PDG, Khaled Abdulla Al Qubaisi, Chief

Executive Officer, Real Estate and Infrastructure Investments at Mubadala,

said: "We are thrilled to be the lead investor in PDG's fundraise and partner

with the company on its growth journey. PDG is a leading data center

infrastructure platform operating in an attractive market with strong tailwinds

and catering to rising demand from the hyperscale segment and more broadly

Asia's digital economies. We look forward to working with PDG's management team

to capitalize on the growth opportunities and create not only sustainable, long

term value creation, but also support Asia's digital infrastructure development

as a vital enabler to economic progress."

"We are excited to have a leading sovereign fund Mubadala as another blue-chip

investor in PDG. Mubadala's track record of long-term investments combined with

extensive know-how in the digital infrastructure space makes it a great partner

as we continue to scale our business. We are also heartened by the continued

trust and confidence placed by both Warburg Pincus and Ontario Teachers' in

PDG," said Rangu Salgame, co-founder, Chairman and CEO of PDG.

"Since making our initial investment we have been very impressed with the

management team's ability to successfully execute a highly differentiated

strategy and focus on value creation. We are pleased to make a second

investment in PDG to help accelerate their growth and look forward to

partnering with Mubadala and Warburg Pincus on this journey," said Ben Chan,

Senior Managing Director for Asia-Pacific at Ontario Teachers'.

"Since backing the founders in PDG's formative days, we have been impressed by

their leadership and execution of a strong thesis. We are excited to continue

to be part of PDG's journey and believe that the company is best poised to take

advantage of a truly transformative market opportunity." said Ellen Ng,

Managing Director, Warburg Pincus.

About PDG

Princeton Digital Group (PDG) is a leading investor, developer and operator of

Internet infrastructure. Headquartered in Singapore with presence and

operations in China, Singapore, India, Indonesia, and Japan, its portfolio of

data centers powers the expansion of hyperscalers and enterprises in the

fastest-growing digital economies across Asia. For more information, visit

www.princetondg.com or follow us on

LinkedIn(https://www.linkedin.com/company/princetondg/?_l=en_US).

About Mubadala Investment Company

Mubadala Investment Company is a sovereign investor managing a global

portfolio, aimed at generating sustainable financial returns for the Government

of Abu Dhabi.  

Mubadala's $243.4 billion (AED 894 billion) portfolio spans six continents with

interests in multiple sectors and asset classes. We leverage our deep sectoral

expertise and long-standing partnerships to drive sustainable growth and

profit, while supporting the continued diversification and global integration

of the economy of the United Arab Emirates. Mubadala's Digital Infrastructure

unit invests in physical assets around the world underpinning the global trend

of digitalization and increasing demand for connectivity, data storage and

compute power.

Headquartered in Abu Dhabi, Mubadala has offices in London, Rio de Janeiro,

Moscow, New York, San Francisco and Beijing. For more information about

Mubadala Investment Company, please visit: www.mubadala.com   

About Warburg Pincus

Warburg Pincus LLC is a leading global growth investor. The firm has more than

$73 billion in assets under management. The firm's active portfolio of more

than 235 companies is highly diversified by stage, sector, and geography.

Warburg Pincus is an experienced partner to management teams seeking to build

durable companies with sustainable value. Founded in 1966, Warburg Pincus has

raised 20 private equity and 2 real estate funds, which have invested more than

$100 billion in over 1,000 companies in more than 40 countries. The firm is

headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong

Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo,

Shanghai, and Singapore. For more information please visit

www.warburgpincus.com . Follow us on

LinkedIn(https://www.linkedin.com/company/warburg-pincus?_l=en_US).

About Ontario Teachers'

Ontario Teachers' Pension Plan Board (Ontario Teachers') is the administrator

of Canada's largest single-profession pension plan, with C$227.7 billion in net

assets (all figures at June 30, 2021 unless noted). It holds a diverse global

portfolio of assets, approximately 80% of which is managed in-house, and has

earned an annual total-fund net return of 9.6% since the plan's founding in

1990. Ontario Teachers' is an independent organization headquartered in

Toronto. Its Asia-Pacific region offices are located in Hong Kong and

Singapore, and its Europe, Middle East & Africa region office is in London. The

defined-benefit plan, which is fully funded as at January 1, 2021, invests and

administers the pensions of the province of Ontario's 331,000 active and

retired teachers. For more information, visit

otpp.com(https://otpp.com/en-ca/).

Media Contacts

Princeton Digital Group

Grace Chen

PR@princetondg.com

PRecious Communications for Princeton Digital Group

PDG@preciouscomms.com

Source: Princeton Digital Group (PDG)