Zero Two, a digital infrastructure platform of Abu Dhabi’s state-owned investment company ADQ, is investing in Warburg Pincus-backed Southeast Asia data centre developer Evolution Data Centres.
Zero Two will hold a co-controlling stake alongside Warburg Pincus, providing capital to help with the deployment of hyperscale-ready data centres across key Southeast Asian markets.
Warburg Pincus’s initial investment in Evolution has helped expand its portfolio across Thailand, the Philippines and Vietnam.
Ahmed Al Hameli, CEO of Zero Two, said: “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, 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.”
Andrew Fitzpatrick, principal at Warburg Pincus, said: “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.”
To read the latest IPE Real Assets magazine click here.
