Princeton Digital Group, which is backed by buyout firm Warburg Pincus, is preparing a sale of its China assets that could earn up to $1bn as firms look to exit their data centre holdings in the country, according to a report by the Financial Times.
The process marks one of the final exits in a broader unwind of global buyout firms’ exposure to China’s digital infrastructure market. Surging demand from cloud providers such as Alibaba, Tencent, and ByteDance brought private equity into the market...
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