Data Center Evolution welcomes ADQ's Zero Two as its newest co-owner, partnering with Warburg Pincus in its operations.
Zero Two, Warburg Pincus, and Evolution Data Centres Form Strategic Partnership
In a significant move, Zero Two, a digital infrastructure firm based in Abu Dhabi, has invested in Evolution Data Centres, joining Warburg Pincus as a co-owner and strategic partner. The partnership aims to expand hyperscale and renewable-powered data centers across Southeast Asia.
The details of the transaction between Zero Two and Evolution Data Centres were not disclosed in the statement issued by the companies. However, it is known that Zero Two assumes a co-controlling position alongside Warburg Pincus in Evolution Data Centres, a Singapore-based company focused on developing and operating energy-efficient hyperscale data centers across Southeast Asia.
The partnership aims to significantly scale up digital infrastructure capacity in underserved Southeast Asian markets like Thailand, the Philippines, and Vietnam. Zero Two’s investment reflects its long-term capital deployment strategy into high-growth, underserved digital infrastructure markets, aligned with Evolution’s strong market positioning and execution capabilities.
Warburg Pincus, a private equity firm, has previously invested in Evolution Data Centres via a joint venture in 2022. This investment marks another significant partnership for Evolution Data Centres in its mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia.
Darren Webb, CEO and co-founder of Evolution, has stated that Zero Two's strategic investment will accelerate Evolution's mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Andrew Fitzpatrick, Principal at Warburg Pincus, has expressed that they see 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.
The investment by Zero Two is expected to support the increasing demand for cloud and AI services in Southeast Asia. The partnership between Zero Two, Warburg Pincus, and Evolution Data Centres continues to support Evolution’s expansion across Southeast Asia.
Zero Two is part of the Abu Dhabi Developmental Holding Company PJSC or ADQ, a sovereign wealth fund. This is Zero Two's first investment in Southeast Asia since its launch in 2022, indicating ADQ’s strategic expansion into critical digital infrastructure in the region.
The strategic move by Zero Two to enter the Southeast Asian market further contributes to the growth and development of the digital infrastructure in the region. The investment will allow Evolution Data Centres to continue its expansion across Southeast Asia, providing long-term growth capital to accelerate Evolution's rollout of hyperscale-ready and renewable-powered data centres across Southeast Asia.
In summary, the partnership between ADQ (via Zero Two), Warburg Pincus, and Evolution Data Centres is a strategic co-ownership and capital investment alliance focused on rapidly expanding sustainable hyperscale data center infrastructure in Southeast Asia to meet escalating cloud and AI service demands. The investment reinforces the potential for growth in the Southeast Asian data centre market, particularly in underserved areas with rising demand for cloud and AI services.
This strategic partnership between Zero Two, Warburg Pincus, and Evolution Data Centres is a move towards expanding renewable-powered data centers across Southeast Asia, achieving this goal through long-term capital deployment.
The investment by Zero Two, a company under ADQ, signifies a strategic expansion into critical digital infrastructure in Southeast Asia, potentially accelerating the growth and development of the regional market.
