Simpson Thacher is representing KKR in connection with the investment by a KKR-led consortium comprising of KKR (on behalf of funds managed by it) and Singtel (the “Consortium”) in ST Telemedia Global Data Centres (“STT GDC”). The transaction comprises an initial S$1.75 billion (~US$1.3 billion) investment by the Consortium via Redeemable Preference Shares (RPS), with detachable warrants. Upon exercise of the warrants in full, the Consortium will invest an additional S$1.24 billion (~US$920 million).
Headquartered in Singapore, STT GDC is one of the world’s fastest-growing data centre providers with more than 95 data centres across 11 geographies and points of presence in over 20 major business markets. It provides critical services including high-quality colocation, connectivity, and round-the-clock support services. Today, its data centre portfolio has a total combined capacity of more than 1.7GW of IT load.
KKR is making this investment from its Asia Pacific Infrastructure Investors II Fund.
The Simpson Thacher team includes Erik Wang, Nelson Tai and Jasper Ma (M&A); Preston Miller, Henry Llewellyn and Jessie Li (Antitrust); and Marcy Geller, William Smolinski and Lina Pan (Tax).