Evolution Data Centres has announced that Zero Two has joined as a strategic shareholder, forming a new partnership with Warburg Pincus. This development follows Warburg Pincus’s initial investment in Evolution Data Centres in 2022, which was aimed at developing and expanding sustainable hyperscale data centres in Southeast Asia.
Since the initial investment by Warburg Pincus, Evolution Data Centres has grown its operations across Thailand, the Philippines, and Vietnam. The company’s facilities in these countries are set to be powered by renewable energy through Power Purchase Agreements with major renewable energy providers.
Darren Webb, CEO and Co-Founder of Evolution Data Centres, said:
“We are absolutely delighted to welcome Zero Two as a strategic investor. Their support marks a major milestone for Evolution Data Centres and will significantly accelerate our mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Together with our investors and partners, we’re powering the next phase of digital transformation in the region.”
Ahmed Al Hameli, CEO of Zero Two, stated:
“We are excited to partner with Evolution and Warburg Pincus to support the expansion of digital infrastructure across Southeast Asia. Evolution’s strong market positioning and leading execution capabilities make it a compelling fit for Zero Two’s long-term capital deployment strategy. Together, we aim to accelerate the scale up of energy-efficient hyperscale data centres that meet the region’s rapidly growing cloud and AI demands.”
Andrew Fitzpatrick, Principal at Warburg Pincus, commented:
“We are excited to welcome Zero Two into our partnership with Evolution. We 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. With strong execution capabilities and the backing of leading investors and trusted local partners, Evolution is uniquely positioned as an early mover and leading sustainable data centre platform in the region. We are pleased to have found a well-aligned and strategic partner in Zero Two to embark on this journey with us.”
Evolution Data Centres focuses on developing high-performance digital infrastructure with an emphasis on sustainability within Southeast Asia. More information about their work can be found at www.evolutiondatacentres.com.
Zero Two is part of ADQ and operates from Abu Dhabi as a digital infrastructure development platform. Since its founding in 2022, it has deployed over 550 MW of gross data center capacity locally while seeking global opportunities in data centers and high-performance computing infrastructure.
Warburg Pincus LLC is known for its global private equity investments since 1966. The firm manages more than $86 billion in assets with over 220 companies currently active in its portfolio spanning various sectors worldwide (www.warburgpincus.com). Since 2005, Warburg Pincus has invested nearly $10 billion into around 60 real estate platforms across Asia Pacific. It also maintains a record of investing in digital infrastructure throughout Asia.