Asian consortium acquires £2.1bn stake in Global Switch

Singapore Woodlands data centre

A consortium of Asian investors has acquired a 24.99% stake in data centre company Global Switch for £2.1bn before it goes public next year.

The move by Strategic IDC Limited further diversifies Global Switch’s sources of equity capital following investment by Elegant Jubilee, a consortium of institutional and private investors from Asia, in December 2016.

The payment comprises £1.8bn for the shares in Global Switch and a further £300m to Aldersgate Investments.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now