KKR pursues over $5bn acquisition of Asian Global Data Centres

Key Takeaways

Sector: Digital Infrastructure.
Geography: Singapore.

Analysis

KKR is reportedly in advanced discussions to acquire a controlling stake in ST Telemedia Global Data Centres (STT GDC), in a transaction potentially valuing the operator at more than $5 billion, according to Bloomberg‑citing sources. Currently holding a 14.1% minority stake, KKR could finalize the deal within weeks.

Headquartered in Singapore, STT GDC is one of Asia’s leading data centre providers with over 95 facilities across 11 geographies and service markets in more than 20 countries, offering colocation, connectivity, and managed support with a combined capacity exceeding 1.7GW of IT load. ST Telemedia remains the majority shareholder post-investment.

In June 2024, KKR and Singtel led a consortium to invest up to S$1.75 billion (approximately $1.3 billion) in STT GDC via redeemable preference shares, with potential for additional warrants investment of S$1.24 billion, giving them up to 18.3% equity. That deal marked Southeast Asia’s largest digital infrastructure investment that year.

This move aligns with KKR’s broader infrastructure‑driven strategy, following its acquisition of the post‑trade services provider OSTTRA—valued at $3.1 billion—from S&P Global and CME Group, announced in April 2025 and expected to close in H2 2025. OSTTRA provides critical clearing and reconciliation services across OTC markets, processing over 80 million trades monthly, and will continue under existing leadership.

Other prominent KKR transactions this year include the acquisition of UK-listed instrumentation group Spectris for approximately £4.1 billion (~$5.5bn), representing KKR’s continued push into high-growth industrial and tech infrastructure assets.