Why data is the ‘oil’ of modern M&A
Merger and acquisitions (M&A) are big in tech and have been so in the digital infrastructure space. So much so that the market often says there is way more...
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Singapore-based data centre operator SpaceDC has partnered with Aofei Data International, a Hong Kong subsidiary of Guandong Aofei Data Technology Company Limited, to sell Aofei’s nine data centres, CDN and SDN in China including their Guangzhou, Langfang City and Shenzhen campuses. The portfo...
May 11
Chinese state-owned power company Three Gorges Group has completed the first of three developments phase of its Dongyuemiao Data Center Project in Yichang, Hubei. The initial stage represents a capital investment of CNY 845 million (US$134 million) and has brought online 40,000 square meters/430,500 square feet of hosting space with 4,400 racks. At full build, the site w...
April 12
Chinese data centre operator VNET Group, Inc. (Nasdaq: VNET), former 21Vianet, has received an unsolicited preliminary non-binding offer to acquire all of the group’s outstanding ordinary shares. The proposal letter to the Board of Directors has been sent by China-based investment banking and private equity firm the Hina Group and Industrial Bank Co., Ltd.,...
April 12
Infrastructure investor Actis has completed fundraising for Actis Asia Real Estate 2 (AARE2) fund amassing US$700 million in limited partnership (LP) fund and co-investment commitments. Additional co-investment opportunities are expected to deliver up to US$1billion of investable capital during the life of the Fund. The Fund will allocate capital to invest in real estate...
April 11