Latham & Watkins, Allen & Gledhill, JSA Advocates and Simpson Thacher & Bartlett are among the advisers on KKR and Singapore Telecommunications’ $5.1 billion acquisition of an additional stake in ST Telemedia Global Data Centres (STT GDC). The transaction has also spawned roles for AZB & Partners, Shardul Amarchand Mangaldas and Gibson Dunn & Crutcher. Latham & Watkins is advising seller ST Telemedia on the sale of its remaining stake in STT GDC to a consortium led by KKR and Singtel. The transaction implies an enterprise value of approximately $10.9 billion for the Singapore-based data centre platform. The Latham team is led by Singapore corporate partners Sharon Lau and Michael Rackham. Latham also advised ST Telemedia on receiving the consortium’s earlier $1.3 billion investment in STT GDC in 2024. Allen & Gledhill and JSA Advocates are advising Singtel, according to people with knowledge of the matter. JSA’s team is being led by partners Vikram Raghani and Nisha Kaur Uberoi. Simpson Thacher, retaining its role representing long-time client KKR, is acting as counsel to both KKR and Singtel, with Hong Kong partner Erik Wang once again leading the firm’s team on the transaction. Gibson Dunn is also acting for KKR on the deal. Gibson Dunn’s team is being co-led by Hong Kong partner Tyler Cohen and London partner Till Lefranc. In the initial $1.3 billion stake acquisition in STT GDC in 2024, it was Freshfields that advised the KKR-led consortium. The Freshfields team was then led by former partner Nigel Gleeson and associate Alice Boughton, both of whom have since moved to Gibson Dunn Singapore as partners. According to sources working on the deal, Indian firms AZB & Partners and Shardul Amarchand Mangaldas are advising KKR and ST Telemedia on merger control aspects of the deal. In 2024, AZB acted as sole Indian counsel for the consortium leaders in securing a Competition Commission of India approval for their investment in STT GDC. Milbank also had a role in the deal, the firm advised a large group of lenders made up of global and regional banks on the financing for the acquisition. Its team, sources said, was led by partner Davide Mencacci and special counsel Daniele Sutto. Under the latest agreements, funds managed by KKR and Singtel will acquire the remaining 82% stake in STT GDC from founding shareholder ST Telemedia. Upon completion, KKR will hold a 75% interest in the company, with Singtel owning the remaining 25%, taking into account the conversion of existing redeemable preference shares held by both investors. The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions. Founded in 2014, STT GDC is one of the world’s fastest-growing and most diversified data centre platforms, with 2.3 gigawatts of design capacity across12 markets in Asia Pacific and Europe.