GDS International Secures US$1 Billion Investment
Deal News | Nov 05, 2024 | White & Case
DigitalLand Holdings Limited, known as GDS International, has successfully secured a US$1 billion investment through its Series B equity raise, thanks to the advisory of global law firm White & Case LLP. This funding round highlights GDS International's efforts to expand its data center capacity in the Asia-Pacific region, which is increasingly in demand for advanced data infrastructure. Principally led by new U.S. investors such as Coatue Management and substantial participation from The Baupost Group, the investment arrives at a pivotal time for GDS International, which, established in 2022 and based in Singapore, already manages extensive data center capacity. With 480 MW already in service or under construction and an additional 590 MW planned, the new funds will play a critical role in exploiting key markets like Hong Kong, Singapore, Malaysia, Indonesia, and Japan. White & Case's role in this transaction underscores their proficiency in managing complex cross-border deals in the digital infrastructure sector.
Sectors
- Digital Infrastructure
- Private Equity and Venture Capital
- Legal Services
Geography
- Asia-Pacific – GDS International is expanding its data center portfolio across several countries in this region.
- United States – The investment was led by US-based investors, including Coatue Management and The Baupost Group.
Industry
- Digital Infrastructure – The article focuses on an expansion in data center capabilities, a key component of digital infrastructure.
- Private Equity and Venture Capital – Significant investment from private equity firms as part of the Series B funding.
- Legal Services – White & Case, a law firm, is providing legal advisory for the transaction, indicating the legal service industry's involvement.
Financials
- US$1 billion – Amount raised by GDS International through Series B equity raise.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GDS International | Target Company | Company | International affiliate of GDS Holdings Limited, focusing on digital infrastructure expansion. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised GDS International on the Series B equity raise. |
| Coatue Management | Investor | Company | A U.S.-based investment firm leading the Series B funding round. |
| The Baupost Group | Investor | Company | Substantial participant in GDS International’s Series B investment. |