TIME partners with DigitalBridge to expand its AIMS Data Centre Business across Asia

• TIME dotCom Berhad (“TIME”) announces that it has signed definitive transaction documents to enter into a partnership with affiliates of DigitalBridge Group, Inc. (“DigitalBridge”) to accelerate the expansion of AIMS Group (“AIMS”) across Asia
• As part of the transaction, DigitalBridge will acquire a strategic stake in AIMS. The transaction values AIMS at an enterprise value of MYR3.2 billion, implying an EV/FY21 EBITDA multiple of 37.3x
• AIMS is Malaysia’s leading carrier-neutral, hyper-connected data centre and is widely regarded as the home of Malaysian Internet

Redpeak Advisers acted as lead financial advisor to TIME on the transaction.