TIME dotCom Berhad: Strategic partnership with DigitalBridge in relation to AIMS
TIME dotCom Berhad: Strategic partnership with DigitalBridge in relation to AIMS
Client
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TIME dotCom Berhad
(“TIME”)
Target
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AIMS Data Centre
(“AIMS”)
Investor
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Affiliates of DigitalBridge Group, Inc.
(“DigitalBridge”)
Transaction summary
Deal value
Transaction highlights
The transaction values AIMS at an EV of RM3.2 billion, implying an EV/FY21 EBITDA multiple of 37.3x
- The valuation reflects the high quality of the asset and strong investor appetite for digital infrastructure assets
Largest M&A transaction year-to-date in the Malaysian data centre sector
Completion
Apr-23
Client description
- TIME is a Malaysian based telecommunications provider specialising in domestic and international connectivity, data centre, cloud and managed services solutions to the retail, enterprise and wholesale markets
AIMS is Malaysia and ASEAN’s leading carrier-neutral data centre and managed services provider
AIMS is headquartered in Kuala Lumpur, Malaysia with data centre presence in Malaysia (Kuala Lumpur and Cyberjaya), Singapore and Bangkok
Redpeak role
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Lead financial advisor to TIME on the transaction
–
Positioned AIMS as a rare investment opportunity in the data centre space in ASEAN, ideally placed to benefit from explosive growth in global and regional colocation demand
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Attracted significant interest from major private equity investors & strategic investors resulting in a highly competitive transaction process
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Managed a complex transaction involving the spin-off of data centre entities, continuing transition services arrangements, customer contracts novation to deliver an excellent outcome for TIME, while maintaining tight controls on sharing of sensitive contractual and operating information
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Played a key role in structuring the transaction and leading negotiations of transaction documents with prospective investors
