Bain Capital to Take Chindata Group Private
August 11, 2023
Bain Capital signed a definitive agreement to acquire all outstanding shares of Chindata Group Holdings Ltd, taking the Asia‑Pacific hyperscale data‑center operator private at US$4.30 per ordinary share (US$8.60 per ADS). The transaction, supported by existing and new investors, values the company at roughly $3.16 billion and is intended to provide long‑term control and capital to support Chindata's continued expansion and operations across the region.
- Buyers
- Bain Capital, Other existing and new investors (unnamed)
- Targets
- Chindata Group Holdings Ltd
- Sellers
- Public shareholders of Chindata Group (outstanding shareholders)
- Industry
- Infrastructure
- Location
- Beijing, China
- Transaction Type
- Buyout
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