logo
Bain Capital mulling sale of China data centre for more than $4bn

Bain Capital mulling sale of China data centre for more than $4bn

Yahoo09-05-2025

Bain Capital is exploring the sale of China data centre business of WinTriX DC Group, a data centre operator, for more than $4bn, reported Reuters citing two sources.
The US-based investment company has appointed advisers and held early-stage discussions with potential buyers in recent months, the report said.
The China division of WinTriX, previously known as Chindata Group Holdings, is projected to generate nearly 4bn yuan ($553.6m) in earnings before interest, taxes, depreciation, and amortisation (EBITDA) in 2025, the sources told the news agency.
Bain Capital did not provided any comments on the matter while WinTriX did not responded to requests for comment, Reuters said.
The proposed sale follows Bain Capital's 2023 take-private deal of Nasdaq-listed Chindata, which was valued at $3.16bn.
The company initially acquired Chindata in 2019 and merged it with Southeast Asia's Bridge Data Centres later that year, forming a combined entity that went public.
Subsequently, Bain Capital separated the businesses again under the new name WinTriX, according to a third person familiar with the restructuring.
The decision to sell comes amid heightened investor interest and rising valuations in the data centre sector, fuelled by the advancement of AI technologies.
WinTriX's subsidiary Bridge Data Centres, which manages data centres outside China, secured $2.8bn in bank financing in March 2025 to support its expansion.
Bain Capital plans to retain control of Bridge Data Centres, the sources added.
In a February 2025, Reuters reported that Bain Capital was considering the sale of Rocket Software, a US-based automation software provider, with an estimated valuation between $8bn and $10bn, including debt.
"Bain Capital mulling sale of China data centre for more than $4bn" was originally created and published by Verdict, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mosaic Expands Platform to Serve Investment Banks, Announces Strategic Partnership with Evercore
Mosaic Expands Platform to Serve Investment Banks, Announces Strategic Partnership with Evercore

Yahoo

time8 minutes ago

  • Yahoo

Mosaic Expands Platform to Serve Investment Banks, Announces Strategic Partnership with Evercore

NEW YORK, May 30, 2025 /CNW/ -- Mosaic, the leader in deal model automation for private equity, today announced its official expansion into the investment banking market. In collaboration with Evercore, a premier global independent investment bank, Mosaic will extend its platform to support investment banking modeling workflows across M&A and capital markets advisory. "Partnering with Evercore, one of the leaders in global M&A advisory, marks a major milestone for us," said Ian Gutwinski, Founder & CEO of Mosaic. "We see a significant opportunity to streamline high-volume modeling at the advisory firms that power the world's deal flow. Enhancing analytical capacity and standardization through automation will increase throughput without sacrificing quality – ultimately driving better client outcomes while improving work-life balance for young finance professionals." Evercore's Financial Sponsors Group, one of the most active advisors to private equity firms globally, will lead the initial rollout. Neil Shah, Senior Managing Director and Co-Head of Evercore's Financial Sponsors Group, said "Evercore's entrepreneurial DNA drives us to continuously re-evaluate the status quo. Our team, and many of our private equity clients, have been impressed by the Mosaic platform and think it represents an opportunity to streamline financial modelling, allowing our teams to focus on creative and compelling solutions for our clients. We look forward to working with the Mosaic team in shaping the future development of the platform across the firm." Mosaic is committed to collaborating closely with Evercore to refine and expand the platform beyond private equity buyout deals analysis, accelerating innovation across valuation, M&A, and broader investment banking use cases in the months ahead. About Investor Technology Group, Inc. (doing business as Mosaic): Investor Technology Group, Inc. is revolutionizing private equity and investment banking deals analysis through its pioneering digital deal modeling platform, Mosaic. Thousands of the world's best investors and advisors at leading firms like Evercore, Warburg Pincus, CVC, New Mountain Capital, Summit Partners, Bridgepoint, Ontario Teachers' Pension Plan, The Riverside Company, and many more leverage the Mosaic platform daily to efficiently screen a world of opportunity and identify the handful of investments worth executing. By combining our founding team's deep sector expertise with cutting-edge digital technologies – and the collective intelligence of our pioneering user base – we're building the future of private equity. To be a part of that future, visit and follow us on LinkedIn. Press Contact:Manasa GrandhiDirector of Operationsmanasa@ View original content to download multimedia: SOURCE Investor Technology Group, Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Asia-Pacific Industrial Pumps Market Review 2020-2024, Analysis of 2025, and Forecasts to 2030
Asia-Pacific Industrial Pumps Market Review 2020-2024, Analysis of 2025, and Forecasts to 2030

Yahoo

time10 minutes ago

  • Yahoo

Asia-Pacific Industrial Pumps Market Review 2020-2024, Analysis of 2025, and Forecasts to 2030

The market is set for growth driven by rapid industrialization, infrastructure expansion, and increased capital investment in sectors like water management and oil & gas. Opportunities include adopting smart technologies and replacing outdated systems, especially in China, India, and Southeast Asia. Asia-Pacific Industrial Pumps Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Asia-Pacific Industrial Pumps Market by Country, Competition, Forecast & Opportunities, 2020-2030F" has been added to offering. The Asia-Pacific Industrial Pumps Market was valued at USD 21.68 Billion in 2024 and is projected to reach USD 32.21 Billion by 2030, rising at a CAGR of 6.66%. This growth is largely driven by accelerated industrialization, expanding infrastructure, and increased capital investments across key sectors such as water and wastewater management, oil and gas, chemical processing, power generation, and manufacturing. Countries like China, India, Japan, and several Southeast Asian nations are at the forefront of this growth due to government initiatives supporting urban development, industrial growth, and enhanced water infrastructure. Industrial pumps are indispensable in enabling fluid movement across industrial processes, and their adoption is rising with the need for efficiency and automation. The market is seeing increasing integration of smart technologies, including IoT-enabled pumps and variable frequency drives (VFDs), which support real-time diagnostics, remote control, and energy-efficient operations. This trend, alongside the replacement of aging infrastructure with modern, high-performance equipment, is expected to fuel the continued expansion of the market across the region. Key Market Drivers: Rapid Industrialization Across Emerging Economies Industrial expansion in the Asia-Pacific region is accelerating, especially in countries such as China, India, Vietnam, and Indonesia, driven by favorable policy support and large-scale infrastructure and manufacturing investments. Local and national government initiatives are encouraging the setup of processing plants, factories, and assembly units to boost regional manufacturing output. China's industrial hubs in Guangdong and Jiangsu and India's growth corridors in Maharashtra and Tamil Nadu are witnessing strong investment inflows, increasing the requirement for robust fluid handling systems. As a result, demand for centrifugal, diaphragm, and reciprocating pumps has intensified. The growing footprint of sectors like electronics, textiles, and food processing is further supporting this demand, as these industries require pumps with specialized features such as chemical resistance, flow precision, and high-pressure performance. Key Market Challenges: High Operational and Maintenance Costs Despite their importance, industrial pumps are associated with high total ownership costs. In industries such as mining, power, and petrochemicals, pump systems often operate under extreme conditions, resulting in substantial energy consumption and frequent maintenance needs. While the initial cost of acquisition is moderate, the cumulative cost of repairs, downtime, spare parts, and electricity makes these systems expensive to operate over time. In Asia-Pacific, small and medium enterprises (SMEs) frequently lack the budget for proactive maintenance and struggle to afford energy-efficient upgrades. This not only compromises pump performance but also results in higher energy use and reduced equipment longevity. In less developed markets, limited access to skilled technicians and genuine spare parts further complicates maintenance, often leading to extended downtimes and operational inefficiencies. Key Market Trends: Growth in Infrastructure Development and Urbanization Infrastructure development across Asia-Pacific is a key factor driving demand for industrial pumps. Countries including India, China, Vietnam, Indonesia, and the Philippines are undertaking large-scale projects in urban development, smart cities, sanitation, and utilities infrastructure. According to the Asian Development Bank, the region requires annual infrastructure investments of USD 1.7 trillion through 2030 to support economic growth. These projects require reliable pumping systems for applications such as sewage treatment, clean water supply, and HVAC. For example, India's "Jal Jeevan Mission" has significantly increased demand for industrial-grade pumps, while Southeast Asia's flood control and irrigation modernization initiatives are also propelling market growth. The surge in both public and private sector infrastructure investments is expected to ensure continued demand for centrifugal, submersible, and rotary pumps. Key Players Profiled in this Asia-Pacific Industrial Pumps Market Report: Grundfos Holding A/S Ingersoll-Rand Flowserve Corporation Sulzer Ltd. ITT, INC. Schlumberger Limited EBARA International Corporation The Weir Group PLC Report Scope In this report, the Asia-Pacific Industrial Pumps Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below: Asia-Pacific Industrial Pumps Market, by Type: Centrifugal Pumps Reciprocating Pumps Rotary Pumps Others Asia-Pacific Industrial Pumps Market, by Application: Water & Waste Water Power Generation Oil & Gas Chemicals & Petrochemicals Mining Others Asia-Pacific Industrial Pumps Market, by Country: China Japan India South Korea Australia Singapore Thailand Malaysia Key Attributes Report Attribute Details No. of Pages 120 Forecast Period 2024-2030 Estimated Market Value (USD) in 2024 $21.68 Billion Forecasted Market Value (USD) by 2030 $32.21 Billion Compound Annual Growth Rate 6.6% Regions Covered Asia-Pacific For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Asia-Pacific Industrial Pumps Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio

Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters
Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters

Business Insider

time15 minutes ago

  • Business Insider

Uber Stock Is Still a ‘Top Pick,' Says BMO Capital Despite Tesla (TSLA) Robotaxi Jitters

Shares of ride-hailing and delivery giant Uber (UBER) fell roughly 5% in yesterday's trading. The decline follows news of Tesla's (TSLA) upcoming Robotaxi launch in Austin on June 12. Still, BMO Capital Top analyst Brian Pitz remains confident in Uber's long-term strategy and growth prospects. The five-star analyst sees the recent dip as a buying opportunity and reiterated his Outperform rating and $101 price target, calling Uber a 'Top Pick' in the sector. Confident Investing Starts Here: Uber's AV Plans and Valuation Signal Upside According to the analyst, the market has overreacted to Tesla's planned Robotaxi launch on June 12. Although the news drew headlines, Pitz notes that Tesla's rollout—limited to just 10–20 vehicles—is small when stacked against Uber's much larger plans. For instance, Uber's deal with Waymo, owned by Alphabet (GOOGL), will bring hundreds of autonomous cars to its app in the coming months. Uber also has active deals with May Mobility and China-based WeRide, which are set to roll out AVs (autonomous vehicle) in dozens of U.S. cities. BMO applauds Uber's move to ' drive international scale ' through its recent acquisition of Dantaxi, Denmark's largest taxi firm. The deal brings 3,500 drivers onto Uber's platform, and starting this summer, riders in Denmark will be able to book trips through the app. The firm expects this to 'increase adoption' by improving match rates and estimated time of arrivals (ETAs), while opening up more ways to use it at airports, during leisure activities, and for daily commutes. On the self-driving front, Pitz sees Uber as an AV winner. The company now works with more than 15 AV partners and plans to launch shared AV rides by 2026. These steps are already boosting usage in cities like Austin, where Uber sees steady demand. Importantly, BMO finds Uber's valuation compelling. With shares trading at 19x next-twelve-month (NTM) EBITDA, the stock is below its two-year forward average of 21x and significantly under the high end of 27x. That suggests meaningful upside potential if Uber continues to execute across global and autonomous growth areas. What Is the Prediction for UBER Stock? Overall, Wall Street is bullish on Uber Technologies' prospects, with a Strong Buy consensus rating based on 29 Buys and four Holds. The average UBER stock price target of $98.61 implies about 16.98% upside potential.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store