KKR and Singtel Reportedly Near Deal to Acquire ST Telemedia Global Data Centres for Over 13 Billion Singapore Dollars

A consortium led by KKR & Co. Inc. KKRis reportedly nearing a deal to acquire ST Telemedia Global Data Centres for a valuation exceeding S$13 billion. The Wall Street Journal reported that the investment firm is currently in advanced discussions for the Singapore-based global data center provider. The acquisition would take place in SG SGand involves the transfer of the entity from its unnamed parent company.

The report indicates that KKR & Co. Inc. is pursuing the acquisition together with the Singaporean telecommunications giant Singapore Telecommunications Limited (Singtel) Z74. If successful, the transaction would value the target company at more than S$13 billion. ST Telemedia Global Data Centres is recognized as a significant provider of infrastructure within the global data center market.