Latham Advises Princeton Digital Group on US$1.3 Billion Investment From Stonepeak
Firm represents one of Asia Pacific’s leading data center operators in the transaction.
Latham & Watkins has advised Princeton Digital Group (PDG), one of Asia Pacific’s leading data center operators, on its US$1.3 billion preferred equity investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Parties have signed definitive documents for the investment, which will support PDG’s continued expansion across Asia Pacific. The investment follows PDG’s recently announced US$1.2 billion debt financings, which together bring the total capital raised by PDG in 2025 to US$2.5 billion across equity and debt.
The Latham team was led by Hong Kong partner Richard Watkins, with Hong Kong counsel Edward Tang, and associates Rita Hong and Jae Lee. Advice was also provided on tax matters by London partners Simon Skinner and Serena Lee.