8 Asian Legal Business | January-February 2025 $1.2 bln Sime Darby Property’s data centre campus deal with Pearl Computing Malaysia Deal: Projects Firms: A&O Shearman Jurisdictions: Malaysia The $1.2 billion agreement between Sime Darby Property and Pearl Computing Malaysia marks a significant milestone in Malaysia’s rapidly evolving data centre landscape. This deal is particularly noteworthy given the market’s projected growth of $4.54 billion during 2023-2028, with an impressive CAGR of 20.22 percent. The 77-acre data centre campus in Elmina Business Park, Kuala Lumpur, exemplifies the shift towards larger, more sustainable facilities in the region. With an initial 20-year lease and options to extend, this long-term commitment underscores the confidence in Malaysia’s digital future and its strategic position in Southeast Asia’s tech ecosystem. This development aligns perfectly with key market drivers, including hyperscaler expansion, digital transformation initiatives, and growing demand from small and medium-sized enterprises (SMEs). By attracting major tech players like Googlebacked Pearl Computing, Malaysia is cementing its status as a competitive destination for data centre investments. The scale and scope of this project will substantially boost Malaysia’s data storage capacity, supporting the increasing demand for cloud services and facilitating digital transformation across the region. Moreover, it’s likely to catalyse further investments in the tech sector, potentially creating jobs and fostering innovation. This deal also reflects the growing focus on sustainable and clean energy sources in data centre operations, an increasingly important factor in the industry. As Malaysia continues to develop its digital infrastructure, projects like this will play a crucial role in positioning the country as a key player in the global digital economy. DEALS $1.5 bln JSW Energy’s acquisition of O2 Power Deal: M&A Firms: A&O Shearman; Herbert Smith Freehills; Khaitan & Co; Trilegal Jurisdictions: India, Singapore $945 mln Vishal Mega Mart’s IPO Deal: IPO Firms: Cyril Amarchand Mangaldas; Shardul Amarchand Mangaldas & Co; Sidley Austin; Trilegal Jurisdiction: India $900 mln Financing Yondr Group’s hyperscale data centre in Johor Deal: Project Finance Firms: Clifford Chance; Milbank; Rahmat Lim & Partners; Zul Rafique & Partners Jurisdiction: Malaysia $701 mln Sumitomo Rubber Industries’ acquisition of Dunlop Deal: M&A Firms: A&O Shearman; Cleary Gottlieb Jurisdictions: Japan, U.S. $3.5 bln Heiwa Corporation’s acquisition of PJC Investments Deal: M&A Firm: Baker McKenzie Jurisdiction: Japan $2 bln Adani Enterprises and Adani Commodities’ exit from Adani Wilmar Deal: M&A Firms: Cyril Amarchand Mangaldas; Khaitan & Co Jurisdiction: India $1.8 bln Toppan Holdings’ acquisition of Thermoformed and Flexibles Packaging Deal: M&A Firms: Freshfields; Morrison & Foerster Jurisdictions: Japan, U.S. $1.6 bln Paloma Rheem’s offer to acquire Fujitsu General Deal: M&A Firms: Mori Hamada & Matsumoto; Nagashima Ohno & Tsunematsu Jurisdiction: Japan The Briefs
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