SINGAPORE, Aug 12 (Reuters) - Abu Dhabi-based digital
infrastructure firm Zero Two has invested in Evolution Data
Centres to join private equity firm Warburg Pincus as co-owner
of the Southeast Asia-focused data centre platform, the
companies said on Tuesday.
Details of the transaction were not disclosed in the
statement issued by the companies. Zero Two is part of sovereign
wealth fund Abu Dhabi Developmental Holding Company PJSC or ADQ.
The investment marks Zero Two's first foray into Southeast
Asia since its launch in 2022 and will provide long-term growth
capital to accelerate Evolution's rollout of hyperscale-ready
and renewable-powered data centres across the region, the
statement said.
Warburg Pincus invested in Evolution in 2022 via a joint
venture. Since then, Evolution has expanded its portfolio across
Thailand, the Philippines and Vietnam, the statement said.
Darren Webb, CEO and co-founder of Evolution, said Zero
Two's entry as a strategic investor would accelerate Evolution's
mission to deliver sustainable, high-performance digital
infrastructure across Southeast Asia.
Zero Two CEO Ahmed Al Hameli said the partnership aligned
with the firm's strategy to deploy long-term capital.
"We see a high growth trajectory in modern data centre
capacity at scale across Southeast Asia's significantly
underserved markets, where cloud and AI demand is rising
rapidly," Andrew Fitzpatrick, Warburg Pincus' Principal, said.