Asian data center operator Princeton Digital Group (PDG), which is backed by private equity firm Warburg Pincus, is considering a minority sale.
PDG has hired Goldman Sachs to conduct a strategic review, which could result in new equity partners, Bloomberg reported. The process is still in its early stages and plans could change.
In 2017, Rangu Salgame and Varoon Raghavan founded PDG in partnership with Warburg Pincus. PDG develops and operates data centers in Singapore, Japan, India, Indonesia, China, Malaysia and South Korea. The company has more than 20 data centers across seven countries and “accelerates the growth of cloud and AI for global hyperscalers and enterprises,” its website states.
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