APAC data center firm Digital Edge could potentially be seeking new investors.
Citing people familiar with the matter, Bloomberg reports that the Stonepeak-owned company is exploring options, including a sale.
The Singapore-based company is working with JPMorgan Chase & Co. on a review that may lead to a partial or full sale. Any deal could reportedly value the company at up to $10 billion.
No final decisions have been made, and the company may decide against pursuing a deal.
A representative for Digital Edge told Bloomberg the company’s focus remains on operating the business, executing strategy, and continuing to deliver for customers across all markets, declining to comment further.
Stonepeak and JPMorgan declined to comment.
New York-based private equity firm Stonepeak Infrastructure Partners formed Digital Edge in August 2020.
The company has around 25 data centers in operation and under construction, and more than 1.1GW of secured IT power across Japan, South Korea, India, Malaysia, Indonesia, Thailand, and the Philippines.
The company has acquired a number of smaller operators in many Asian markets, using that to gain a foothold before developing larger facilities for hyperscale tenants.
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