Funding & Business
KKR Said in Talks to Buy Data-Center Firm STT GDC in $5b Deal
KKR & Co. is in talks to buy ST Telemedia Global Data Centres in a deal that could value the Asian digital infrastructure provider at more than $5 billion, according to people familiar with the matter.
The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1% stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg.
FTSE 100 Live: UK Stocks to Edge Higher, Pound Hovers Around $1.35
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Quadrille Capital, an investment manager in venture capital and growth equity, has raised €500 million ($587 million) to invest in growth companies in the US and European technology sectors.
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Iron ore’s rally is clashing with sluggish Chinese steel demand, leaving mills squeezed even as the nation’s construction season traditionally picks up at this time of year.
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