Private equity firms including EQT AB and KKR & Co. are among bidders shortlisted to buy data center company Global Switch Holdings Ltd., according to people familiar with the matter.
Gaw Capital Partners, PAG and Stonepeak Partners have also been selected to participate in the next round of bidding for the London-based company, the people said, asking not to be identified because the matter is private. Suitors could start conducting due diligence in the coming weeks ahead of a deadline for binding offers, the people said.
Global Switch’s owners including Jiangsu Shagang Group Co. and Avic Trust Co. were poised to kick off a long-awaited sale, which could value the data center company at about $10 billion, Bloomberg News reported in May. Global Switch in June confirmed that its shareholders are exploring a potential divestment following strong international investor interest, while there’s no certainty that any transaction will happen.
Read more: BNN Bloomberg
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