Hillhouse, Boyu in Talks to Invest in GDS’s Southeast Asia Data Centers
- CDH also considering teaming up for $500m-$600m GDS investment
- Chinese data center operator GDS expanding in Southeast Asia
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Alternative asset managers Hillhouse Capital, Boyu Capital and CDH Investments are in advanced talks to invest in GDS Holdings Ltd.’s data center business outside China, according to people familiar with the matter.
An agreement on a total investment of $500 million to $600 million may be reached as soon as the coming weeks, though no final decisions have been made, the people said, asking not to be identified because the matter is private. Other investors could also be involved in a deal, they said.