Latest news with #GlobalSwitch
Bloomberg
04-08-2025
- Business
- Bloomberg
Warburg Said to Co-Lead Global Switch Pursuit With SC Cap
Private equity firm Warburg Pincus has joined SC Capital Partners in pursuing a potential acquisition of data center operator Global Switch Holdings Ltd., people with knowledge of the matter said. The SC Capital-Warburg Pincus consortium has been in talks with other potential investors to join them, said the people, who asked not to be identified as the information is private. Singapore-based SC Capital is working with Goldman Sachs Group Inc. on the possible Global Switch offer, and has lined up about $3 billion in a loan facility, the people said.
Business Times
04-08-2025
- Business
- Business Times
Warburg said to co-lead pursuit of Global Switch with SC Capital Partners: sources
[LONDON] Private equity firm Warburg Pincus has joined SC Capital Partners in pursuing a potential acquisition of data centre operator Global Switch Holdings, people with knowledge of the matter said. The SC Capital-Warburg Pincus consortium has been in talks with other potential investors to join them, said the people, who asked not to be identified as the information is private. Singapore-based SC Capital is working with Goldman Sachs Group on the possible Global Switch offer, and has lined up about US$3 billion in a loan facility, the people said. Global Switch is working with Morgan Stanley and UBS Group on the potential sale, the people said. An earlier attempt to sell its UK operations was put on hold, the people said. The owners of Global Switch are seeking a deal valued at US$6 billion to US$7 billion including debt, they said. Deliberations are ongoing and there is no guarantee they will result in a transaction, the people said. Global Switch owns and operates data centres across Europe and Asia, including in Amsterdam, Frankfurt, Hong Kong, Paris and Singapore. Its owners, which include Chinese steelmaker Jiangsu Shagang Group and Avic Trust, bought control of the group from British billionaire brothers David and Simon Reuben in a series of transactions starting in 2016. Founded in 2004, SC Capital is an Asia-Pacific real estate investment firm. It operates in eight markets with total investment amounted to US$6 billion, according to its website. CapitaLand Investment last year bought a 40 per cent stake in SC Capital for S$280 million. CapitaLand said it would also invest at least S$524 million in strategic capital. Representatives for Global Switch, Goldman Sachs, Morgan Stanley, SC Capital, Warburg Pincus and UBS declined to comment. A representative for Shagang Group did not respond to requests for comment. BLOOMBERG
Business Times
04-08-2025
- Business
- Business Times
Warburg said to co-lead pursuit of Global Switch with SC Capital Partners
[LONDON] Private equity firm Warburg Pincus has joined SC Capital Partners in pursuing a potential acquisition of data centre operator Global Switch Holdings, people with knowledge of the matter said. The SC Capital-Warburg Pincus consortium has been in talks with other potential investors to join them, said the people, who asked not to be identified as the information is private. Singapore-based SC Capital is working with Goldman Sachs Group on the possible Global Switch offer, and has lined up about US$3 billion in a loan facility, the people said. Global Switch is working with Morgan Stanley and UBS Group on the potential sale, the people said. An earlier attempt to sell its UK operations was put on hold, the people said. The owners of Global Switch are seeking a deal valued at US$6 billion to US$7 billion including debt, they said. Deliberations are ongoing and there's no guarantee they will result in a transaction, the people said. Global Switch owns and operates data centres across Europe and Asia, including in Amsterdam, Frankfurt, Hong Kong, Paris and Singapore. Its owners, which include Chinese steelmaker Jiangsu Shagang Group and Avic Trust, bought control of the group from British billionaire brothers David and Simon Reuben in a series of transactions starting in 2016. Founded in 2004, SC Capital is an Asia-Pacific real estate investment firm. It operates in eight markets with total investment amounted to US$6 billion, according to its website. CapitaLand Investment last year bought a 40 per cent stake in SC Capital for S$280 million. CapitaLand said it would also invest at least S$524 million in strategic capital. Representatives for Global Switch, Goldman Sachs, Morgan Stanley, SC Capital, Warburg Pincus and UBS declined to comment. A representative for Shagang Group did not respond to requests for comment. BLOOMBERG
Bloomberg
04-08-2025
- Business
- Bloomberg
Warburg Said to Co-Lead Pursuit of Global Switch With SC Capital
Private equity firm Warburg Pincus has joined SC Capital Partners in pursuing a potential acquisition of data center operator Global Switch Holdings Ltd., people with knowledge of the matter said. The SC Capital-Warburg Pincus consortium has been in talks with other potential investors to join them, said the people, who asked not to be identified as the information is private. Singapore-based SC Capital is working with Goldman Sachs Group Inc. on the possible Global Switch offer, and has lined up about $3 billion in a loan facility, the people said.
Yahoo
10-04-2025
- Business
- Yahoo
Exclusive-Singapore's SC Capital in talks to buy British data centre group Global Switch, sources say
By Amy-Jo Crowley and Yantoultra Ngui LONDON/SINGAPORE (Reuters) - Singapore-headquartered real estate investment manager SC Capital Partners has emerged as a potential bidder for British data centre group Global Switch, two people familiar with the matter told Reuters. The firm, backed by global real asset manager CapitaLand Investment, is working with advisers to buy the London-based company, which is currently controlled by Chinese steelmaker Jiangsu Shagang Group, one of the people said. Both sources spoke on condition of anonymity because the matter is private. Talks are ongoing and subject to market conditions, the people said, cautioning that a deal is not guaranteed. A transaction could value Global Switch at between $4 billion and $5 billion, the first person said, adding that SC Capital is the only bidder that has emerged for the company. A spokesperson for Global Switch declined to comment. SC Capital and Jiangsu Shagang did not respond to Reuters' requests seeking comment. Global interest in digital infrastructure has not been dampened by the current uncertain macro environment triggered by U.S. President Donald Trump's tariffs and policies. Against the backdrop of rising demand for artificial intelligence and cloud computing-based services, digital infrastructure assets such as data centres are increasingly gaining investors' attention. Founded in 2004, SC Capital has over 60 institutional investors globally and around $6 billion in total investments, according to its website. In November, it announced that CapitaLand Investment, also based in Singapore, will acquire an initial stake of 40% in the firm for S$280 million ($207.67 million), with the option to buy the remaining 60% in phases over the next five years. Global Switch said in 2022 that its shareholders were exploring a potential sale. It held talks with Swedish private equity group EQT in 2023, Reuters reported at the time, but a deal never materialised. Final bidders had valued it at around $8 billion including debt, Reuters reported. Asset manager HMC Capital in 2024 went on to buy Global Switch's Australian business for A$1.94 billion. The deal came four years after the Australian government banned government agencies from using Global Switch Australia due to data security concerns. Global Switch in October hired UBS to raise capital for its UK business, according to a company statement in December. ($1 = 1.3483 Singapore dollars) Sign in to access your portfolio
