KKR (KKR) is doubling down on Asia’s fast-growing digital infrastructure market. The private equity firm, along with Singapore telecom giant Singtel (SNGNF), has struck a deal to acquire the remaining stake in ST Telemedia Global Data Centres (STT GDC), valuing the company at $10.9 billion. The move marks KKR’s largest infrastructure investment in the Asia-Pacific region to date.
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The acquisition comes as global demand for data center capacity surges, fueled by AI workloads, cloud computing, and digital economy expansion across Asia. STT GDC operates more than 100 data centers worldwide with over 2.3 gigawatts of IT capacity, serving hyperscalers and enterprise clients across several markets.
KKR already held a minority stake in the company, acquired in 2024 for $1.3 billion. Under the new agreement, KKR will own 75% of the operator, while Singtel will hold the remaining 25%.
The deal is expected to close in the early second half of 2026. Citigroup (C) is serving as the lead financial adviser and is providing acquisition financing.
Here’s Why This Deal Matters
The move highlights how private equity firms and global tech investors are racing to secure long-term exposure to digital infrastructure, now considered one of the most resilient and high-growth asset classes.
KKR executives said the sector requires “significantly larger pools of long-term capital” as companies such as Amazon (AMZN) and Microsoft (MSFT) continue to expand at a rapid pace.
Is KKR Stock a Good Buy?
Turning to Wall Street, analysts have a Strong Buy consensus rating on KKR stock based on nine Buys and one Hold assigned in the past three months. Further, the average KKR price target of $159.20 per share implies 54.14% upside potential.
