KKR is reportedly in talks to acquire ST Telemedia Global Data Centres, a Singapore-based digital infrastructure provider, in a deal worth over $5B. The acquisition is expected to strengthen KKR's presence in the data center market. The deal is still in the early stages, and the parties involved have not officially confirmed the talks.
July 2, 2025 - KKR, a prominent U.S. investment firm, is reportedly in advanced discussions to acquire ST Telemedia Global Data Centres, a Singapore-based digital infrastructure provider. The deal, which could value the Asian digital infrastructure provider at over $5 billion, is a significant move by KKR to strengthen its presence in the data center market [1][2].
The acquisition, if confirmed, would represent a substantial investment for KKR, which currently holds a 14.1% stake in ST Telemedia. The firm has been a backer of the closely held data center company since 2024, when a consortium led by KKR and Singapore Telecommunications invested S$1.75 billion ($1.37 billion) in ST Telemedia [2].
The data center market is experiencing rapid growth, with the global AI data center market projected to increase from $236.44 billion in 2025 to approximately $933.76 billion by 2030, growing at a CAGR of 31.6% [3]. Navitas Semiconductor NVTS, a leading player in AI-powered data centers, has recently expanded its offerings to meet the growing demand. In November 2024, Navitas released the world’s first 8.5kW AI data-center PSU powered by gallium nitride (GaN) and silicon carbide (SiC), achieving 98% efficiency [3].
The acquisition of ST Telemedia Global Data Centres by KKR would not only enhance KKR's portfolio but also align with the growing trend of investment in data center infrastructure. As the market continues to expand, such strategic moves are expected to shape the future landscape of digital infrastructure.
References:
[1] https://www.reuters.com/business/kkr-talks-buy-st-telemedia-global-data-centres-bloomberg-news-reports-2025-07-26/
[2] https://www.marketscreener.com/news/kkr-in-talks-to-buy-st-telemedia-global-data-centres-bloomberg-news-reports-ce7c5fdbd180f324
[3] https://finance.yahoo.com/news/navitas-leading-ai-data-center-130200768.html
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