Latest news with #ZeroTwo
Arabian Business
3 days ago
- Business
- Arabian Business
Abu Dhabi's Zero Two invests in Singapore-based Evolution Data Centres
Abu Dhabi-headquartered Zero Two, an ADQ company involved in digital infrastructure development and investment, has invested in the Singapore-based Evolution Data Centres (Evolution). Zero Two will assume a co-controlling position alongside Warburg Pincus, one of the early investors in the company. Evolution, founded in 2021, is a leading sustainable data centre platform in Southeast Asia. Zero Two did not disclose any financial details of the transaction, but it was the company's first investment in Southeast Asia since its launch in 2022. Zero Two expands into Southeast Asia Since Warburg Pincus' initial investment, Evolution has significantly expanded its portfolio across Thailand, the Philippines, and Vietnam, all of which will be powered by renewable energy via Power Purchase Agreements (PPAs) with leading renewable energy providers. Zero Two's investment in Evolution will provide long-term growth capital aimed at accelerating the deployment of hyperscale-ready data centres across key Southeast Asian markets. Ahmed Al Hameli, CEO of Zero Two, commented: 'We are excited to partner with Evolution and Warburg Pincus to support the expansion of digital infrastructure across Southeast Asia. 'Evolution's strong market positioning and leading execution capabilities make it a compelling fit for Zero Two's long-term capital deployment strategy. Together, we aim to accelerate the scale-up of energy-efficient hyperscale data centres that meet the region's rapidly growing cloud and AI demands.' Darren Webb, CEO and co-founder of Evolution Data Centres, added: 'We are absolutely delighted to welcome Zero Two as a strategic investor. Their support marks a major milestone for Evolution Data Centres and will significantly accelerate our mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. 'Together, with our investors and partners, we're powering the next phase of digital transformation in the region.'
Time of India
4 days ago
- Business
- Time of India
Zero Two joins Warburg Pincus as co-owner of Southeast Asia's Evolution Data Centres
SINGAPORE: Abu Dhabi-based digital infrastructure firm Zero Two has invested in Evolution Data Centres to join private equity firm Warburg Pincus as co-owner of the Southeast Asia-focused data centre platform, the companies said on Tuesday. Details of the transaction were not disclosed in the statement issued by the companies. Zero Two is part of sovereign wealth fund Abu Dhabi Developmental Holding Company PJSC or ADQ. The investment marks Zero Two's first foray into Southeast Asia since its launch in 2022 and will provide long-term growth capital to accelerate Evolution's rollout of hyperscale-ready and renewable-powered data centres across the region, the statement said. Warburg Pincus invested in Evolution in 2022 via a joint venture. Since then, Evolution has expanded its portfolio across Thailand, the Philippines and Vietnam, the statement said. Darren Webb, CEO and co-founder of Evolution, said Zero Two's entry as a strategic investor would accelerate Evolution's mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Zero Two CEO Ahmed Al Hameli said the partnership aligned with the firm's strategy to deploy long-term capital. "We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia's significantly underserved markets, where cloud and AI demand is rising rapidly," Andrew Fitzpatrick, Warburg Pincus' Principal, said.
Al Etihad
4 days ago
- Business
- Al Etihad
Zero Two completes strategic investment in Evolution Data Centres
ABU DHABI (ALETIHAD) Zero Two, a digital infrastructure development and investment platform headquartered in Abu Dhabi, part of ADQ, has announced a strategic investment with Evolution Data Centres (Evolution), a leading sustainable data centre platform in Southeast Asia. Zero Two's investment in Evolution will provide long-term growth capital aimed at accelerating the deployment of hyperscale-ready data centres across key Southeast Asian markets. It also represents Zero Two's first investment in Southeast Asia since its launch in 2022. Under the terms of the transaction, Zero Two will assume a co-controlling position alongside Warburg Pincus, establishing a strong institutional partnership to support Evolution's continued growth. This marks a significant milestone in Evolution's growth journey, following Warburg Pincus's initial investment in 2022 through a joint venture to develop and scale sustainable hyperscale data centres in Southeast Asia's fast-growing markets. Since Warburg Pincus's initial investment, Evolution has significantly expanded its portfolio across Thailand, the Philippines, and Vietnam, all of which will be powered by renewable energy via Power Purchase Agreements (PPAs) with leading renewable energy providers. Darren Webb, CEO and Co-Founder of Evolution Data Centres, said: 'We are absolutely delighted to welcome Zero Two as a strategic investor. Their support marks a major milestone for Evolution Data Centres and will significantly accelerate our mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Together with our investors and partners, we're powering the next phase of digital transformation in the region.' Ahmed Al Hameli, CEO of Zero Two, said: We are excited to partner with Evolution and Warburg Pincus to support the expansion of digital infrastructure across Southeast Asia. Evolution's strong market positioning and leading execution capabilities make it a compelling fit for Zero Two's long-term capital deployment strategy. Together, we aim to accelerate the scale up of energy-efficient hyperscale data centres that meet the region's rapidly growing cloud and AI demands.' Andrew Fitzpatrick, Principal at Warburg Pincus, said: 'We are excited to welcome Zero Two into our partnership with Evolution. We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia's significantly underserved markets, where cloud and AI demand is rising rapidly. "With strong execution capabilities and the backing of leading investors and trusted local partners, Evolution is uniquely positioned as an early mover and leading sustainable data centre platform in the region. We are pleased to have found a well-aligned and strategic partner in Zero Two to embark on this journey with us.'
Yahoo
5 days ago
- Business
- Yahoo
Zero Two joins Warburg Pincus as co-owner of Southeast Asia's Evolution Data Centres
SINGAPORE (Reuters) -Abu Dhabi-based digital infrastructure firm Zero Two has invested in Evolution Data Centres to join private equity firm Warburg Pincus as co-owner of the Southeast Asia-focused data centre platform, the companies said on Tuesday. Details of the transaction were not disclosed in the statement issued by the companies. Zero Two is part of sovereign wealth fund Abu Dhabi Developmental Holding Company PJSC or ADQ. The investment marks Zero Two's first foray into Southeast Asia since its launch in 2022 and will provide long-term growth capital to accelerate Evolution's rollout of hyperscale-ready and renewable-powered data centres across the region, the statement said. Warburg Pincus invested in Evolution in 2022 via a joint venture. Since then, Evolution has expanded its portfolio across Thailand, the Philippines and Vietnam, the statement said. Darren Webb, CEO and co-founder of Evolution, said Zero Two's entry as a strategic investor would accelerate Evolution's mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Zero Two CEO Ahmed Al Hameli said the partnership aligned with the firm's strategy to deploy long-term capital. "We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia's significantly underserved markets, where cloud and AI demand is rising rapidly," Andrew Fitzpatrick, Warburg Pincus' Principal, said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
