Zero Two joins Warburg Pincus as co-owner of Southeast Asia’s Evolution Data Centres

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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.

(Reporting by Yantoultra NguiEditing by Mark Potter)