Investment Summary

Ontario Teachers Pension Plan, Warburg Pincus and Mubadala Capital Invest In Princeton Digital Group

On October 19, 2020, pension Ontario Teachers Pension Plan, private equity firm Warburg Pincus and sovereign wealth fund Mubadala Capital invested in communications company Princeton Digital Group

Investment Highlights
  • This is Ontario Teachers Pension Plan’s 3rd, Warburg Pincus’ 18th and Mubadala Capital’s 2nd transaction in the Communications sector.
  • This is Ontario Teachers Pension Plan’s 2nd, Warburg Pincus’ 6th and Mubadala Capital’s 1st transaction in Singapore.

Investment Summary

Date 2020-10-19
Target Princeton Digital Group
Sector Communications
Investor(s) Ontario Teachers Pension Plan
Warburg Pincus
Mubadala Capital
Deal Type Venture

Target

Princeton Digital Group

Singapore, Singapore
Princeton Digital Group is an investor, operator, and developer of data centers in the key digital economies of Asia. Princeton Digital Group is based in Singapore.

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Investor(S) 3

Investor

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 138 of 176
Sector (Communications) 3 of 4
Type (Venture) 8 of 14
Country (Singapore) 2 of 3
Year (2020) 7 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Attabotics

Calgary, Alberta, Canada

Attabotics is a 3D robotics supply chain company that uses a state-of-the-art fulfilment system instead of a traditional warehouse layout. This scalable, cost-effective model empowers brands and retailers to operate with a system that saves money, boosts productivity and benefits the environment. Attabotics was founded in 2015 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Allworth Financial

Sacramento, California, United States

Allworth Financial is an independent investment financial advisory firm that specializes in retirement planning, investment advising, and 401(k) management with a direct approach to financial planning. The company delivers long- and short-term investment planning solutions and advice to help clients achieve goals and plan strategically for retirement. Allworth Financial was formed in 1993 and is based in Sacramento, California.

Buy -
Investor

Warburg Pincus

New York, New York, United States


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 428 of 485
Sector (Communications) 18 of 19
Type (Venture) 63 of 70
Country (Singapore) 6 of 7
Year (2020) 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-09 Converge

Pasig City, Philippines

Converge is a fixed broadband provider in the Philippines. It provides high-speed internet at affordable prices to both retail and enterprise customers through its extensive proprietary fiber network that extends from the backbone to the last mile. Converge was founded in 2007 and is based in Pasig City, Philippines.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-30 Access TeleCare

Dallas, Texas, United States

Access TeleCare is a provider of telemedicine technology and solutions to hospitals, health systems, post-acute providers, physician networks, value-based care organizations, and health plans. Built on proven and scalable infrastructure as an enterprise-wide solution, Access TeleCare’s technology platform, Telemed IQ, rapidly deploys and seamlessly optimizes telemedicine programs across the continuum of care. Access TeleCare is based in Dallas, Texas.

Sell -
Investor

Mubadala Capital


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 15 of 43
Sector (Communications) 2 of 2
Type (Venture) 2 of 2
Country (Singapore) 1 of 2
Year (2020) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 Enagas

Madrid, Spain

Enagas is the technical manager of the Spanish Gas System and the main carrier of natural gas in Spain. Enagas was founded in 1972 and is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 G42

Abu Dhabi, United Arab Emirates

G42’s artificial intelligence, cloud computing, and technology offerings have enabled its clients to address a wide range of opportunities, including digitizing large enterprises, improving regional healthcare, and enhancing government services. G42 was founded in 2018 and is based in Abu Dhabi, United Arab Emirates.

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