Evolution Partners with Zero Two for Strategic Expansion in Southeast Asia

Deal News | Aug 12, 2025 | Warburg Pincus

Evolution Partners with Zero Two for Strategic Expansion in Southeast Asia

Evolution Data Centres, a leading sustainable data centre platform in Southeast Asia, has announced a strategic investment from Zero Two, a digital infrastructure firm based in Abu Dhabi. This partnership aligns with Warburg Pincus, who initially invested in Evolution in 2022, to expand high-performance, hyperscale-ready data centres across the region. As a co-controlling entity, Zero Two offers significant long-term growth capital that will enable Evolution to accelerate its development of renewable energy-powered data centres in Southeast Asian markets, such as Thailand, the Philippines, and Vietnam. This represents Zero Two's first foray into the Southeast Asian market and underscores their long-term capital deployment strategy. Both Evolution and Zero Two, alongside Warburg Pincus, recognize the surging demand for cloud and AI infrastructure in the region's underserved markets.

Sectors

  • Digital Infrastructure
  • Private Equity Investment
  • Renewable Energy

Geography

  • Southeast Asia – This is the primary region where Evolution Data Centres is expanding its infrastructure with investments from Zero Two and Warburg Pincus.
  • Abu Dhabi, UAE – Headquarters of Zero Two, which is making its first investment in Southeast Asia with this partnership.

Industry

  • Digital Infrastructure – The article focuses on the development of data centres and related digital infrastructure to support cloud and AI demands in Southeast Asia.
  • Private Equity Investment – Involves strategic investments and capital deployment by private equity firms such as Warburg Pincus and investment entities like Zero Two.
  • Renewable Energy – The development of data centres includes sustainability initiatives using renewable energy, emphasized by Power Purchase Agreements (PPAs).

Financials

  • $86 billion – Assets under management by Warburg Pincus, indicating the scale and capacity for investment.
  • 550 MW – Amount of data center capacity deployed by Zero Two in Abu Dhabi prior to their investment in Southeast Asia.
  • $10 billion – Warburg Pincus's investment in Asia real estate ventures, reflecting its strong presence in the region.

Participants

NameRoleTypeDescription
Evolution Data CentresTarget CompanyCompanyA leading sustainable data centre platform in Southeast Asia focusing on high-performance infrastructure and renewable energy.
Zero TwoBidding CompanyCompanyDigital infrastructure development and investment platform headquartered in Abu Dhabi, part of ADQ, investing globally in data centre capacity.
Warburg PincusPrivate Equity FirmCompanyA global private equity firm with a significant portfolio and track record in digital infrastructure investments in Asia.
Darren WebbCEO and Co-FounderPersonCEO of Evolution Data Centres, discussing partnership benefits and growth trajectory.
Ahmed Al HameliCEOPersonCEO of Zero Two, highlighting the strategic fit and growth potential of the partnership with Evolution and Warburg Pincus.
Andrew FitzpatrickPrincipalPersonPrincipal at Warburg Pincus, involved in overseeing the investment and partnership development with Evolution and Zero Two.