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APG Asset Management acquires 20% stake in OneAsia
Baker McKenzie has advised pension fund manager APG Asset Management on its 20 per cent acquisition of data centre platform OneAsia.
Naomi Neilson
Firm: Baker McKenzie (APG Asset Management).
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Deal: Pension fund manager APG Asset Management has successfully acquired a 20 per cent stake in data centre platform OneAsia.
Value: N/A.
Area: M&A.
Key players: The multi-jurisdictional team was led by partner and co-chair of the firm’s global funds group Jason Ng, with support from Hayley Irons, William Tsang, Kerwin Li and Mandy Lan in Hong Kong. They were also assisted by Alexander Gong, Duangkamon Amkaew, Seishi Ikea and Chris Hodgens.
Deal significance: OneAsia is an integrated data centre developer and operator in Asia, providing IT services, cloud-based solutions and data centre services. Headquartered in Hong Kong, OneAsia operates data centres across the region and is in the process of expanding into Japan, Korea and Thailand.
Commenting on the deal, Mr Ng said: “This transaction represents another important milestone for APG in gaining increased exposure in the fast-growing data centre market, and we are very pleased to have been able to play a role.
“We look forward to continuing to support our client as they diversify their investments geographically and also strategically.”
