ETIX secures up to US$70 million with Muzinich & Co. to accelerate its Bangkok data center campus
A first tranche of US$21.5 million finances the construction of BKK#2, a 23 MW AI-ready data center, with initial capacity available in September this year.
THE FINANCINGA strategic financing milestone
ETIX Thailand, the subsidiary of a European pioneer in edge and AI-ready data center infrastructure, today announces the signing of a credit facility of up to US$70 million with Muzinich & Co., a global specialist in public and private corporate credit with over 35 years of track record.
The financing underpins the continued build-out of the ETIX Bangkok (BKK) Campus.
KEY FIGURES23 MW
IT capacity at BKK#2
Across a 16,000 sq.m. facility, adjacent to the 5 MW ETIX BKK#1.
28 MW
AI-ready campus
BKK#1 and BKK#2 together form the ETIX BKK Campus.
US$21.5M
First tranche
Committed to the construction phases of ETIX BKK#2.
100%
Renewable energy
In Bangkok, capacity grew from 600 kW to 5 MW in under 3 years.
The campus is designed for hyperscalers, cloud providers, OTT platforms and enterprise clients across the Asia-Pacific region.
THE MARKETThailand, a fast-rising data center hub
Thailand’s data center market has surpassed Indonesia in operational capacity, with over 150 MW live and more than 500 MW under development nationally.
The country’s Eastern Economic Corridor (EEC) is rapidly emerging as a strategic hub for AI training, caching and hyperscale deployments, supported by government investment incentives and a robust energy and fibre infrastructure. ETIX BKK Campus is at the center of this transformation.
“Data center infrastructure in Southeast Asia represents a compelling private credit opportunity, combining robust underlying demand, proven operating teams and attractive risk-adjusted returns. The ETIX BKK Campus is a prime example of the disciplined, high-quality infrastructure investments that align with Muzinich’s credit strategy. We are delighted to support ETIX Group as it scales its presence in one of Asia’s most dynamic digital markets.”
Andrew Tan, CEO Asia Pacific, Muzinich & Co.
“Well positioned to meet the region’s needs”
We would like to thank Muzinich & Co. for their confidence in ETIX and the broader opportunity we are building in Southeast Asia. With the initial phase of ETIX BKK#2 now under construction, and the combination of our fully operational BKK campus and this financing structure, we are well positioned to meet the infrastructure requirements of a variety of clients across the region.
Pierre Patris, CEO Asia, ETIX
ETIX is a European pioneer in edge and AI-ready data center infrastructure, operating facilities across France and Thailand.
Its Bangkok operations are certified ISO 14001, ISO 22301, ISO 27001 and ISO 50001, compliant with PCI-DSS, and built to Tier III design and facility standards.
ABOUT MUZINICH & CO.Founded in 1988, Muzinich & Co. is a privately-owned, global institutional asset manager specializing in corporate credit across both public and private markets, with c. US$41.9bn in assets under management across 18 offices worldwide.
The firm provides flexible financing solutions to companies in Europe, Asia and the United States through strategies including private debt, parallel lending, capital solutions, high yield and investment grade credit.
Advisors
Index Partners acted as financial advisor to ETIX Thailand, A&O Shearman as legal counsel to ETIX Thailand, and Baker McKenzie as legal counsel to the lenders.
