Bain Capital Signs Deal to Privatize Chindata Group
Bain Capital has signed a deal to privatize Chindata Group, a leading Chinese data center provider.
The deal, which is expected to close in the second half of 2023, will see Bain Capital take full ownership of Chindata.
Private Equity News Asia
Chindata is one of the largest data center providers in China, with a portfolio of over 100 data centers across the country.
Photo by Taylor Vick
The company provides data center services to a wide range of customers, including cloud computing companies, financial institutions, and government agencies.
The privatization of Chindata is seen as a sign of confidence in the Chinese data center market.
The market is growing rapidly, as more and more businesses move their data to the cloud. Bain Capital is expected to invest heavily in Chindata to help the company expand its capacity and meet the growing demand for data center services.
The deal is also a sign of Bain Capital’s commitment to the Chinese market.
The firm has been investing in China for many years, and it sees the country as a major growth market.
The privatization of Chindata is a significant investment by Bain Capital in China, and it is a vote of confidence in the Chinese economy.
Here are some additional details about the deal:
- Bain Capital will acquire Chindata from its current shareholders, which include the Carlyle Group and Singapore’s sovereign wealth fund GIC.
- The deal is expected to close in the second half of 2023.
- Bain Capital plans to invest heavily in Chindata to help the company expand its capacity and meet the growing demand for data center services.
- The deal is a sign of confidence in the Chinese data center market and in the Chinese economy.
Private Equity News Asia
