We're thrilled to announce Princeville Capital's investment in GDS International's (GDSI) $587M Series A! GDSI is spinning out of GDS Holdings Ltd. to independently develop its high-performance data centers and expand its presence internationally. The AI revolution has profoundly affected the tech environment, and our investment in GDSI reflects our strategy of investing in picks and shovels, not gold mines. As the need for AI-dedicated computing continues to grow, we are confident that GDSI's history of successful execution and future vision will be critical to fueling the infrastructure that drives AI innovation worldwide!
We're thrilled to announce a landmark US$587 million equity raise for GDS International (GDSI), marking a monumental step in our journey to expand international footprint. GDS International was established in 2022 with its corporate headquarters in Singapore. Its portfolio comprises 330 MW of data center capacity in service and under construction and a further 340 MW held for future development across key markets in Hong Kong, Singapore, Malaysia, and Indonesia. GDS International has secured commitments and reservations from global and China customers for over 200 MW of capacity, of which over 70 MW is already revenue-generating. ? The successful capital raise values GDSI at a pre-money equity valuation of US$750 million. GDSI’s implied post-money enterprise valuation, including GDSI’s forecast net debt of around US$935 million at the end of 2024, is around US$2.3 billion. Following the closing of this transaction, GDSH will own approximately 56.1% of the equity interest of GDSI in the form of ordinary shares. The remaining 43.9% equity interest will be held by Investors, including Hillhouse, Rava Partners, Boyu, Princeville Capital, Tekne Capital, among others. ? “I am delighted to announce this landmark capital raising which is a big step forward in our strategy to obtain dedicated financing for the development of our international business on a standalone basis,” said William Huang, Chairman and CEO of GDS Holdings and Chairman of GDS International. “Within a short period of time, we have established market-leading positions in the major hub markets of Hong Kong and Singapore-Johor-Batam. We see tremendous opportunities for growth in these markets as well as in other new markets which we are currently evaluating. ” Please join us in welcoming Ms. Jamie Khoo as the new CEO of GDS International. Jamie transitions to this leadership role from her position as COO of GDS, where she has made significant contributions since January 2019. Her journey with GDS began in 2014, initially serving as Deputy CFO. Under Jamie’s leadership, we look forward to embarking on this next chapter of growth and success.
Technology Investor and Board Member, Capital Markets Expert, Tech Buff @joaquinrthk
7 个月Amazing accomplishent. AI is driving the need for datacenter capacity in key markets around the world. Hyperscalers need work with partners to build highly efficient and cost effective datacenters at a very rapid pace. GDS has unparalleled expertise, scale and execution capabilities in building and operating datacenters around the world for the most demanding global companies. This is an unprecedented opportunity which GDSI will take full advantage of over the next many years and we, at Princeville Capital, look forward to be part of and support. Congratulations team!