Partners Group, a global private markets firm, acting on behalf of its clients, has agreed to acquire Digital Halo Pte. Ltd. from its existing shareholders, including ARCH Capital.
Digital Halo is a Singapore headquartered data center operator focused on Southeast and North Asia. Partners Group plans to initially commit around $400m alongside ARCH Capital, which will remain a minority shareholder, according to a statement by the group.
Partners Group intends to work with the management team to transform Digital Halo into a next-generation data centre platform with over 500 MW of data center capacity across several markets in Southeast and North Asia.
Luv Parikh, managing director, head of infrastructure Asia, Partners Group, said: “Data centres continue to be a thematic area of focus for us globally, and we believe that specific markets within Asia will offer significant growth opportunities in the years ahead.”
Digital Halo’s value creation plan includes the construction and operation of two seed assets in Manila, Philippines and Johor Bahru, Malaysia. Both assets are located in high growth data centre markets with potential for significant expansion, said Partners Group.
Digital Halo will provide built-to-suit and colocation services to hyperscale and enterprise customers under long-term contracts, generating a predictable revenue profile.
Kai Goh, CEO and co-founder, Digital Halo, added: “After bringing our first site in Manila into operation, securing power and all necessary building permits in Johor, and obtaining exclusivity on a third site, we are pleased to bring Partners Group on board to drive the next phase of our growth.”
The company benefits from the robust demand for data centre capacity in Asia, which is driven by structural thematic tailwinds such as enterprise cloud migration, continued growth in data usage and e-commerce, and demand for AI training and inference workloads.
Data centers are a key global investment theme for Partners Group, which has invested over $4bn in data centers worldwide since 2021. Current assets include EdgeCore, a leading hyperscale data center platform in the US, atNorth, a leading pan-Nordic data center platform, and GreenSquareDC, a data center provider in Australia. The firm will apply its proven platform-building approach to Digital Halo.
Jansen Ang, member of management, infrastructure Asia, Partners Group, said: “Digital Halo in its current form, including two seed assets, of which one is partially contracted, and a third asset in the pipeline, offers us an attractive entry point.”
Partners Group’s Infrastructure business has $27bn in AUM globally, according to the firm.
