Latham Advises ST Telemedia on S$13.8 Billion Enterprise Value Acquisition of ST Telemedia Global Data Centres by KKR-Led Consortium With Singtel

Latham & Watkins has advised ST Telemedia on the full S$13.8 billion acquisition of ST Telemedia Global Data Centres (STT GDC), a leading data center colocation services provider, by global investment firm KKR and Singtel, Asia’s leading communications technology group (the consortium). The consortium will acquire the remaining 82% stake in STT GDC from founding shareholder ST Telemedia for a total consideration of S$6.6 billion, representing an implied enterprise value of approximately S$13.8 billion. The transaction marks one of the largest digital infrastructure transactions in Southeast Asia to date.

Established in 2014 by ST Telemedia and headquartered in Singapore, STT GDC is one of the world’s fastest growing and most diversified data center platforms with 2.3GW of design capacity across 12 major markets in the Asia-Pacific region, the United Kingdom, and Europe. It provides critical services including high-quality colocation, connectivity, and round-the-clock support services.

The Latham team was led by Singapore corporate partners Sharon Lau and Michael Rackham, with associates Elisabeth Ong and Ein Le Lim. Advice on regulatory matters was provided by Paris partner Adrien Giraud, with associate Constance Dobelmann; on intellectual property matters by Tokyo associate Benjamin Han; on finance matters by Singapore partner Chuan Kong Wei; and on tax matters by London partner Simon Skinner and Houston partner Christine Mainguy, with London associate Joshua Atkinson.