Stack Infrastructure, a Denver-based owner and operator of data centres in the Asia-Pacific region, is exploring strategic alternatives that may include selling its Asia operations in a deal that market reports value at more than $30 billion, Bloomberg News said, citing people familiar with the discussions.
The company has been in talks with prospective advisers about either a partial or full sale of assets across Australia, Japan and Malaysia, the report added. Stack's website lists a network of facilities across key APAC locations, including Tokyo.
The potential transaction remains preliminary. The report indicates that other infrastructure-focused funds and industry players could be interested, but no definitive decisions have been reached and the discussions are at an early stage.
According to the report, the possible sale comes in the wake of liquidity steps taken by Blue Owl Capital. In April, Blue Owl informed investors it was limiting withdrawals from two of its funds after an unusually high volume of redemption requests in the first quarter. That development followed a period in which private credit firms faced stress amid a market downturn, and some investors retreated from such strategies amid concerns about valuations and lending standards after several high-profile bankruptcies.
At the same time, global investors have been channeling capital into Asia's expanding data centre market, attracted by rising demand for cloud computing, artificial intelligence workloads and other digital services. The region's momentum has prompted other transactions and capital-raising plans in recent weeks: in April, Bain Capital was reported to be seeking buyers for at least 40% of Bridge Data Centres in a deal valuing that business at $5 billion, and AirTrunk engaged banks to explore a potential Singapore data centre REIT listing that could raise more than $1 billion later this year.
Stack and Blue Owl did not immediately respond to requests for comment outside of business hours. The report could not be immediately verified.
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