The Warburg Pincus-backed Princeton Digital Group (PDG) is looking to sell its data centers in China, according to a report by the FT.
The transaction could be worth as much as $1 billion, according to three people familiar with the process.
PDG has around 286MW worth of data centers in China. These are situated in Langfang, Beijing, Nanjing, Nantong, Shanghai, Foshan, and Xi’an, according to information provided on its website.
The company closed an additional $350 million in debt financing back in March in order to support the development of new data center capacity.
PDG acquired land in Jakarta, Indonesia, for a 240MW data center in late April. Two weeks ago, the company raised $856m to fund the buildout of a 120MW campus also located in Jakarta.
