Strategic View:
KKR leads a powerhouse consortium including Singtel, GIC, and Mubadala to acquire ST Telemedia Global Data Centres. The deal values the platform at over $13 billion, marking one of the largest digital infrastructure syndications of the year.
Full Story:
In a defining moment for global digital infrastructure, a KKR-led consortium has advanced to the final stages of acquiring ST Telemedia Global Data Centres (STT GDC), valuing the Singapore-headquartered giant at approximately $13 billion. Breaking news on February 1, 2026, confirmed that the deal has evolved into a massive “sovereign club deal,” with Singapore’s GIC and Abu Dhabi’s Mubadala Investment Company joining KKR and Singtel as key co-investors.
This transaction exemplifies the “Mega-Syndicate” trend, where General Partners (GPs) like KKR bring in Limited Partners (LPs) at the deal level to write massive equity checks without over-concentrating their main funds. STT GDC is a crown jewel in the sector, operating over 95 data centers across 11 geographies. For Singtel, joining the consortium acts as a strategic hedge, maintaining its influence in the region’s connectivity backbone while sharing the immense capex burden required for next-gen AI-ready facilities.
The inclusion of Mubadala and GIC provides patient, long-term capital essential for infrastructure assets with 20-30 year horizons. The consortium structure allows the partners to navigate complex regulatory landscapes across Asia and Europe by leveraging each member’s geopolitical leverage—a critical advantage in cross-border critical infrastructure deals.
Why It Matters Summary:
This is the blueprint for modern mega-deals: a US private equity sponsor anchoring the transaction, supported by local strategic partners (Singtel) and global sovereign capital. It validates the “Club Deal” as the only viable mechanism for taking down $10B+ assets in a high-rate environment.
Source:
Straits Times
