18/6/2026
Index Partners' News & Updates
ETIX Thailand, a subsidiary of ETIX Group, a European pioneer in edge and AI-ready data center infrastructure backed by Eurazeo and Infranity, has signed a credit facility of up to US$70 million with Muzinich & Co. to finance the continued expansion of its Bangkok Campus. Index Partners acted as exclusive financial adviser to ETIX Thailand on the transaction. A&O Shearman provided legal counsel to ETIX Thailand, while Baker McKenzie acted as legal counsel to the lenders.
A first tranche of US$21.5 million has been committed to finance the construction of BKK#2, a 23 MW AI-ready data center spanning 16,000 sq.m., adjacent to the existing and fully operational BKK#1 facility. Initial capacity at BKK#2 is expected to be available in September 2026. Together, the two facilities form the ETIX Bangkok Campus, a 28 MW AI-ready infrastructure hub designed to serve hyperscalers, cloud providers, OTT platforms, and enterprise clients across the Asia-Pacific region.
Muzinich & Co, a global specialist in public and private corporate credit with over 35 years of track record, provided the financing facility. The transaction underscores the growing institutional appetite for structured private credit solutions in Southeast Asian digital infrastructure.
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 is emerging as a strategic hub for AI training, caching, and hyperscale deployments, supported by government investment incentives and a robust energy and fibre infrastructure.
Pierre Patris, CEO Asia at ETIX, said: "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."
Andrew Tan, CEO Asia Pacific at Muzinich & Co, said: "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."
Julien Curtet, Managing Partner at Index Partners, said: "AI-ready data center infrastructure is one of the most compelling investment themes in global markets today. This transaction is a strong signal of institutional confidence in Southeast Asia's digital infrastructure story, and we are proud to be playing a long-term role in shaping it."
ETIX is a European pioneer in edge and AI-ready data center infrastructure, operating facilities across France and Thailand. Its Bangkok operations grew from 600 kW to 5 MW in under three years. All facilities are 100% powered by renewable energy and are Tier III designed, with certifications including ISO 14001, ISO 22301, ISO 27001, ISO 50001, and PCI-DSS. ETIX Thailand forms part of ETIX Group, France’s leading edge data center operator. Backed by leading European asset managers Infranity and Eurazeo, the group operates a network of more than 15 sites across Europe and Asia.
Founded in 1988, Muzinich & Co is a privately owned global institutional asset manager specializing in corporate credit across public and private markets, with approximately US$41.9 billion 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.
Index Partners is an independent corporate finance advisory firm specializing in mid-market transactions across emerging markets, including Southeast Asia, the Middle East, Central Asia, Africa, and Eastern Europe. With offices in Ho Chi Minh City, Hong Kong, Manila, and London, the firm advises clients across fundraising, M&A, project finance, and strategic advisory mandates in the infrastructure and energy, TMT, healthcare, and consumer sectors.