Evolution partners with Warburg Pincus to develop sustainable data centres

EDC was founded by a team of executives with over 25 years of experience in the Asian Data Centre market and an extensive track record, having deployed more than 640MW of capacity and led more than $1bn of digital infrastructure transactions in the region. Evolution was established to address two key challenges: the lack of quality and scale of data centre capacity in emerging Asian markets, and the critical need for sustainable infrastructure in the region.

Darren Webb, Co-Founder & Chief Executive Officer of EDC said, “I am delighted to announce our new partnership with Warburg Pincus. It is great to have the backing of such a credible investor who shares our passion for building and operating hyper-scale, sustainable data centres across multiple high-growth markets in Southeast Asia. This funding will help us realise our vision of being the leading sustainable data centre provider in the region.”

“Warburg Pincus has an outstanding track record of investing in Asia real estate and digital infrastructure. We look forward to drawing on their wealth of experience in undertaking large-scale capital expenditure programs in the region as we embark on our next stage of growth.” said Ed Martin-Sperry, Co-Founder and Chief Investment Officer of EDC.

Warburg Pincus has been investing in Asia real estate companies and platforms for over 15 years. It is one of the largest and most active investors in Asia real estate, with over $7.5 billion invested in over 50 real estate ventures. In 2021, Warburg Pincus successfully raised its inaugural Warburg Pincus Asia Real Estate Fund with a final close at the hard cap of $2.8 billion. The Fund will be used to buy and develop real estate assets in Asia, focusing on New Economy real estate. Warburg Pincus was recognised as ‘Firm of the Year in Asia’ and ‘Capital Raise of the Year in Asia’ by Private Equity Real Estate (PERE) for 2021.