"Successful Exit Anticipated"
Enhancing Global Returns and Credibility
On December 5, IMM Investment announced, "With the finalization of the agreement to sell the Chinese business division stake of Chindata, a global data center company in which we invested through the Corporate Partnership Fund (COPA Fund) jointly established with SK, we have achieved a significant exit in overseas infrastructure investment."
This transaction, valued at 4 billion dollars (approximately 6 trillion won), is considered one of the largest mergers and acquisitions ever in the Chinese data center industry. IMM Investment and SK established the COPA Fund in 2019 to jointly invest in overseas companies with the goal of diversifying their business portfolios by discovering new growth engines. The fund made a strategic investment in Chindata, which operates hyperscale data centers in key emerging markets such as China, Malaysia, and India, in response to the surging demand for data centers driven by the expansion of artificial intelligence (AI) and cloud computing.
Chindata achieved rapid growth by securing operational efficiency and partnerships with global cloud companies. During the acquisition process, multiple global financial and strategic investors competed, and ultimately, the consortium led by China's HEC Group was confirmed as the final acquirer.
An IMM Investment representative stated, "This exit once again demonstrates the operational capabilities and sophisticated exit strategies that IMM Investment has accumulated overseas over a long period of time," adding, "We will continue to expand overseas investment opportunities in structurally growing industries such as digital infrastructure."
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