Data Center Evolution welcomes ADQ's Zero Two as a new co-owner, partnering with Warburg Pincus in the venture.
In a strategic move to bolster the digital infrastructure of Southeast Asia, Zero Two, a digital infrastructure firm based in Abu Dhabi, and Warburg Pincus, a global private equity firm, have invested in Evolution Data Centres. This investment marks Zero Two's first foray into Southeast Asia since its launch in 2022 [1][5].
The long-term growth plan for Evolution Data Centres in Southeast Asia, with the new investment, is to accelerate the expansion of hyperscale-ready, energy-efficient, and renewable-powered data centres across key markets such as Thailand, the Philippines, and Vietnam [1][2][3]. This strategic partnership aims to meet the rapidly growing regional demand for cloud and AI services by scaling up sustainable digital infrastructure backed by long-term growth capital provided by Zero Two’s $325 million investment alongside Warburg Pincus [1][4].
Ahmed Al Hameli, CEO of Zero Two, states that the partnership aligns with the firm's strategy to deploy long-term capital [4]. Darren Webb, CEO and co-founder of Evolution, believes Zero Two's entry as a strategic investor will accelerate Evolution's mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia [1].
Key elements of the plan include:
- Accelerated rollout of hyperscale data centres designed for large-scale cloud and AI workloads.
- Commitment to sustainability, powering all data centres via renewable energy through power purchase agreements with leading clean energy providers.
- Leveraging Evolution’s strong market positioning and execution capabilities to capitalize on Southeast Asia’s digital transformation and energy market liberalization, particularly in the Philippines and Thailand.
- Supporting regional development with infrastructure that aligns with the growing demand for high-performance and environmentally responsible digital infrastructure [1][3].
Since Warburg Pincus' investment, Evolution has expanded its portfolio across Thailand, the Philippines, and Vietnam [5]. Zero Two is part of the Abu Dhabi Developmental Holding Company PJSC or ADQ [5].
This investment comes at a time when there is 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 [2]. The partnership between Zero Two, Warburg Pincus, and Evolution Data Centres is poised to play a significant role in powering Southeast Asia's digital future.
[1] Zero Two and Warburg Pincus Invest in Evolution Data Centres to Accelerate Green Data Centre Expansion in Southeast Asia. (2023, March 13). Retrieved from https://www.evolutiondatacentres.com/news/zero-two-and-warburg-pincus-invest-in-evolution-data-centres-to-accelerate-green-data-centre-expansion-in-southeast-asia
[2] Evolution Data Centres Secures Investment from Zero Two and Warburg Pincus. (2023, March 13). Retrieved from https://www.zerotwo.ae/news/evolution-data-centres-secures-investment-from-zero-two-and-warburg-pincus
[3] Zero Two and Warburg Pincus Invest $325 Million in Evolution Data Centres for Sustainable Digital Infrastructure Growth in Southeast Asia. (2023, March 13). Retrieved from https://www.businesswire.com/news/home/20230313005121/en/Zero-Two-and-Warburg-Pincus-Invest-325-Million-in-Evolution-Data-Centres-for-Sustainable-Digital-Infrastructure-Growth-in-Southeast-Asia
[4] Zero Two and Warburg Pincus to Deploy Long-term Capital for Evolution Data Centres' Expansion in Southeast Asia. (2023, March 13). Retrieved from https://www.prnewswire.com/news-releases/zero-two-and-warburg-pincus-to-deploy-long-term-capital-for-evolution-data-centres-expansion-in-southeast-asia-301768871.html
[5] Zero Two and Warburg Pincus Invest in Evolution Data Centres to Accelerate Green Data Centre Expansion in Southeast Asia. (2023, March 13). Retrieved from https://www.arabianbusiness.com/companies/technology/687756-zero-two-and-warburg-pincus-invest-in-evolution-data-centres-to-accelerate-green-data-centre-expansion-in-southeast-asia
- The strategic partnership between Zero Two and Warburg Pincus aims to leverage technology by accelerating the expansion of hyperscale-ready data centres in Southeast Asia, thereby aligning the long-term growth plan with the growing demand for cloud and AI services in the region.
- Zero Two's investment in Evolution Data Centres is part of its finance strategy to deploy long-term capital, with a commitment to sustainability by powering all data centres via renewable energy, thus contributing to the digital transformation and energy market liberalization in Southeast Asia.
