Bain buys back Chindata in $3.2b data center deal
Transactions - AUGUST 15, 2023

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Bain buys back Chindata in $3.2b data center deal

by Andrea Zander

Bain Capital has signed a definitive agreement with Chindata Group Holdings, an Asia Pacific hyperscale data center solution provider, to take the company private.

The deal is valued at $3.2 billion.

Bain Capital, together with a number of existing and new investors, will acquire all of the outstanding shares of the company.

Chindata was formed by merging Bain Capital’s two data center platforms, China-based ChinData and Asian market–focused Bridge Data Centres.

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