February 2026 Top M&A Deals

March 2026 Top M&A Deals in ASEAN

A consortium led by KKR, alongside Singtel, has agreed to acquire an approximately 82% stake in ST Telemedia Global Data Centres (STT GDC) from Temasek-owned ST Telemedia, valuing the company at SGD 13.8bn (USD 10.9bn). The equity portion of the deal amounts to SGD 6.6bn (USD 5.2bn). Post-transaction, KKR will hold 75% and Singtel 25%. The acquisition builds on a prior SGD 1.75bn investment and aims to capitalize on surging demand for AI and cloud infrastructure, strengthening Singtel’s digital infrastructure strategy and reinforcing KKR’s exposure to high-growth, recurring-revenue data center assets.

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