PDG is Seeking to Sell its Data Center Assets in China

Princeton Digital Group, backed by Warburg Pincus, is reportedly planning to sell its data centers in China, according to the Financial Times. The deal could be valued at up to $1 billion, based on sources familiar with the process. PDG currently operates about 286MW of capacity in China across sites in Langfang, Beijing, Nanjing, Nantong, Shanghai, Foshan, and Xi’an.

In March, the company secured an additional $350 million in debt financing to support new data center development. Princeton Digital Group also acquired land in Jakarta, Indonesia, for a 240MW facility in late April, and recently raised $856 million to fund a separate 120MW campus in the same city. It was reported in April that the company was also considering a potential minority stake sale. Headquartered in Singapore and founded in 2017, PDG operates across Singapore, Japan, India, Indonesia, China, Malaysia, and South Korea, and is also exploring expansion into Australia.