Princeton Digital Group Secures $230 Million Financing, Charts Out $1 Billion Expansion In China
PRIVATEApr 14, 2021
Amount Raised
$230 Million
Round Type
Funding Round
ChennaiInformation TechnologyContent And PublishingMedia And Entertainment
Description
Singapore-based Princeton Digital Group (PDG), Asia’s leading data center provider, today announced it has secured USD 230 million debt refinancing from China Merchants Bank, as part of its USD 1 billion expansion plan in China.
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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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