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Bain Capital taps buyer interest for Bridge Data Centres, offering up to 70% stake, sources say
- Bain Capital is exploring the sale of up to 70% of Bridge Data Centers, with Citi and JPMorgan leading the process.
- Bain Capital invested in Bridge Data Centers in 2017; the stake size has not been publicly disclosed.
- BDC operates data-center campuses in Malaysia, Thailand, and India and recently raised debt financing.
- The sale comes amid a broader AI infrastructure boom fueling dealmaking in the tech sector.
- Analysts say data centers are essential ‘pick-and-shovel’ AI infrastructure with contract-based cash flows.
- Investor appetite for data centers in Asia remains strong as a defensive play amid uncertainty.
- BDC intends to expand capacity in Singapore to up to 2 gigawatts by 2030, potentially reaching 3 gigawatts globally.
- Bain has been reshuffling its data center portfolio, including the 2019 merger with Chindata and later separation in 2023.
- BDC’s hyperscale asset in Malaysia has ByteDance as an anchor tenant.
- Nvidia’s chip sales to China are noted in the context of regional data-center expansion and restrictions.
- The sale process follows Bain’s strategic realignment and emphasis on AI-ready infrastructure.
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