tech
Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
Bain's potential sale of its stake in Bridge Data Centres comes amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity.
TL;DR
- Bain Capital is exploring the sale of up to 70% of its stake in Bridge Data Centers (BDC).
- Citigroup and JPMorgan are managing the sale process.
- The potential sale is fueled by high demand for AI infrastructure and a broader dealmaking frenzy in the tech sector.
- BDC operates data center campuses in Malaysia, Thailand, and India.
- Bain previously merged BDC with Chindata in 2019, then separated them and took Chindata private in 2023.
- BDC plans to invest in advanced AI-powered digital infrastructure, aiming for significant regional and global capacity expansion by 2030.
- Chinese technology companies, like ByteDance (BDC's anchor tenant in Malaysia), are increasingly using data centers outside China to access high-end chips.