White & Case advises GDS International on US$1 billion Series B equity raise

Global law firm White & Case LLP has advised DigitalLand Holdings Limited (GDS International), the international affiliate of GDS Holdings Limited, on a US$1 billion investment through the issuance of Series B convertible preferred shares at the closing of the transaction.

"This investment underscores GDSI's commitment to expanding its data center portfolio in the Asia-Pacific region and aligns with the growing demand for advanced data centers," said White & Case partner Tzi-Yang Seow, who led the Firm's deal team. "Our role demonstrates White & Case's expertise advising on complex, cross-border transactions in the digital infrastructure sector."

The investment is led by new US investors, including Coatue Management, and with substantial participation by The Baupost Group.

Established in 2022 and headquartered in Singapore, GDS International currently manages approximately 480 MW of data center capacity in service and under construction, with an additional 590 MW planned for future development across key locations including Hong Kong, Singapore, Malaysia (Johor), Indonesia (Batam), and Japan (Tokyo). The Series B investment will enable GDS International to further capitalize on these strategic markets.

The White & Case team which advised on this transaction was led by partner Tzi-Yang Seow (Singapore, Hong Kong) and included partners Daniel Yeh, Jessica Zhou (both Hong Kong), Charles McConnell (Singapore) and David Dreier (New York) and associates Jin Yu Tan (Singapore), Marvin Lau, Genevieve Tsang (both Hong Kong) and Nir Fishbien (New York).

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