Gaw Capital in partnership to tap into Korea Internet data centre market
Gaw Capital Partners has authorized arrangements with IMM Investment Corp, a Korean personal equity company, to take advantage of the Korea Internet data centre (IDC) market.
“The surging necessity for data centres in Asia Pacific continues to expand because of enhanced Internet use driven by the pandemic,” states Kok Chye Ong, head of IDC Platform, Asia (ex-China), of Gaw Capital Partners.
Worldwide, Gaw Capital’s data centre portfolio consists of data centres in China, Indonesia, Japan, and also now South Korea. The private equity firm states that it will certainly remain to seek out possibilities to grow its IDC visibility in South Korea.
The agreements will certainly see Gaw Capital make a strategic investment in Dreammark1, a nine-storey IDC, in addition to develop a common tactical partnership with IMM Investment Corp to grow Dreamline, a Korean telecommunications service provider that holds Dreammark1 as its subsidiary.
According to an announcement on April 26 publicizing the bargain, Gaw Capital claims that this collaboration will certainly additionally develop the Dreamline telecommunications business as well as notes the first step for Gaw Capital to take advantage of the Korean IDC market.
