Blackstone has agreed to invest $150M in 21 Vianet, a Chinese internet data services provider.
As a result of this investment, Blackstone will become one of the company’s largest institutional stockholders.
The Blackstone investment in 21 Viantes will:
- Further strengthen the balance sheet of 21 Vianet
- Support rapid growth in enterprise data center and wholesale markets, and
- Reinforce its position in China’s hyper growth data center market