TIME dotCom Berhad partners with DigitalBridge to expand AIMS Group across Asia, valuing the data center business at MYR 3.2 billion.

Target Information

TIME dotCom Berhad ("TIME") has officially announced a strategic partnership with DigitalBridge Group, Inc. ("DigitalBridge") aimed at expanding its AIMS Group business across Asia. AIMS is recognized as Malaysia's premier carrier-neutral, hyper-connected data center, which plays a crucial role in the country's internet infrastructure.

This transaction will allow DigitalBridge to acquire a significant equity interest in AIMS, valuing the company at an enterprise value of MYR 3.2 billion. This valuation reflects a multiple of 37.3x based on the FY21 EBITDA, situating AIMS as a prominent player in the competitive data center market.

Industry Overview

The data center industry in Malaysia has witnessed significant growth due to rising internet usage and increasing demand for cloud services. As businesses and consumers alike continue to migrate online, the need for ro