GIC, Mubadala Said Poised to Join KKR’s $10 Billion STT Deal
The Mubadala Investment Co. headquarters in Abu Dhabi, United Arab Emirates.
Photographer: Christopher Pike/BloombergGIC Pte and Mubadala Investment Co. are in talks to join KKR & Co. and Singapore Telecommunications Ltd. in their potential purchase of data center operator STT GDC Pte, people familiar with the matter said, in what could be one of the biggest digital infrastructure deals in recent months.
The sovereign wealth funds from Singapore and Abu Dhabi are set to back the KKR-led transaction as minority co-investors, the people said, asking not to be identified because the deliberations are private. A potential deal may value STT GDC at more than $10 billion including debt, the people said.