Simpson Thacher is representing KKR in connection with the investment by a KKR-led consortium comprising of KKR (on behalf of funds managed by it) and Singtel (the “Consortium”) in ST Telemedia Global Data Centres (“STT GDC”). The transaction comprises an initial S$1.75 billion (~US$1.3 billion) investment by the Consortium via Redeemable Preference Shares (RPS), with detachable warrants. Upon exercise of the warrants in full, the Consortium will invest an additional S$1.24 billion (~US$920 million).~~Headquartered in Singapore, STT GDC is one of the world’s fastest-growing data centre providers with more than 95 data centres across 11 geographies and points of presence in over 20 major business markets. It provides critical services including high-quality colocation, connectivity, and round-the-clock support services. Today, its data centre portfolio has a total combined capacity of more than 1.7GW of IT load.~~KKR is making this investment from its Asia Pacific Infrastructure Investors II Fund.~~The Simpson Thacher team includes Erik Wang, Nelson Tai and Jasper Ma (M&A); Preston Miller, Henry Llewellyn and Jessie Li (Antitrust); and Marcy Geller, William Smolinski and Lina Pan (Tax).