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Princeton Digital Group Secures $1.3 Billion Investment from Stonepeak to Accelerate Growth.

Jul 20, 202511 months ago

Contract Type

partnership

ChennaiInformation TechnologyContent And PublishingMedia And Entertainment

Description

Princeton Digital Group has signed agreements to receive a preferred equity investment of $1.3 billion from Stonepeak, which will help fund the company's next phase of growth, including greenfield developments and mergers and acquisitions. The investment comes in addition to earlier secured financing, solidifying PDG's position as a leader in the data center market across Asia Pacific.

Company Information

Company

Princeton Digital Group

Location

Chennai, Tamil Nadu, India

About

Both existing shareholders in PDG – Warburg Pincus and Ontario Teachers’ Pension Plan Board – also invested in this round, the company said in a statement. The company serves hyperscalers, internet and cloud companies and financial institutions with scalable internet infrastructure and data centre services to meet the increasing demand across Asia.

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