Deals
Gulf Data Hub’s Minority Stake Sale Draws Private Equity Firms
- Gulf Data Hub is said to have drawn interest from PE firms
- Firm’s hoping to fetch as much as $1 billion for the stake
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United Arab Emirates-based Gulf Data Hub is weighing the sale of a minority stake to tap into rising global demand for digital infrastructure, according to people familiar with the matter.
The closely-held firm has drawn interest from international private equity firms, the people said, asking not to be named as the information is private. It’s working with JPMorgan Chase & Co. on the deal, according to the people.