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...
Continue Reading
Sign up for FREE to read the full article and access 159K+ alternative investment headlines.
Alternative Investment News