Bain Capital Divests $4 Billion Chinese Data Center Portfolio in Landmark Deal

A consortium led by Shenzhen HEC Industrial Development has finalized the acquisition of the Chinese data center operations belonging to WinTriX DC Group in a transaction valued at approximately $4 billion. U.S. private equity firm Bain Capital confirmed the divestiture of its stake in these significant digital infrastructure assets on September 10.

This landmark deal transfers ownership of the China-based operations previously held by the NASDAQ-listed Chindata Group Holdings. Bain Capital had taken the company private in a $3.16 billion deal completed in December 2023.

The acquiring group is spearheaded by Shenzhen HEC Industrial Development, the parent company of the publicly traded Guangdong HEC Technology Holding. As a central component of the acquisition, Guangdong HEC and an affiliated entity will collectively contribute 7.5 billion yuan (roughly $1 billion) to a newly... Read more...