Singapore-based Campana Group will receive a US$20 million investment in a Series B funding round from Japan’s Mitsui & Co, after taking global law firm Herbert Smith Freehills to oversee the transaction.
The additional funding is expected to be used in the construction of the largest high-speed data centre corridor between Singapore and Myanmar, with prebuilt connections for Thailand.
"This is typical of the increasing investment we are seeing in data and tech infrastructure in Asia, and in Southeast Asia in particular," said Mark Robinson, Asia head of technology, media and telecoms at Herbert Smith Freehills.
"The new network will utilise submarine cables and land connections to meet the demand from Myanmar's rapid growth in online activity."
Robinson as well as Graeme Preston, the firm’s head of corporate in Japan will advise Mitsui, assisted by senior associate James Hearne in Tokyo, and in Singapore by senior associates Victor Chiew, Peggy Chow and Mia Harrison-Kelf and associate Nang Su Wai.
"We are very proud to advise Mitsui again, and of the scope of investments on which we have advised the company," said Preston.
"In addition to technology, we have recently assisted with its 'new business' investments in healthcare, renewables, agribusiness and complex materials."