Latest news with #Chindata
Yahoo
10-05-2025
- Business
- Yahoo
Bain Capital mulling sale of China data centre for more than $4bn
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. 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
Yahoo
09-05-2025
- Business
- Yahoo
Bain Capital mulling sale of China data centre for more than $4bn
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.
Zawya
09-05-2025
- Business
- Zawya
Bain Capital to sell China data centre business likely valued at over $4bln, sources say
HONG KONG - U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said. Bain Capital has engaged with advisers who have held preliminary conversations with potential buyers in recent months, said the people, declining to be named as the information was not public. The China business of WinTriX, formerly known as Chindata Group Holdings, has estimated 2025 earnings before interest, taxes, depreciation, and amortisation (EBITDA) of close to 4 billion yuan, they said. Bain Capital declined to comment. The data centre operator did not respond to a Reuters request for comment. The potential deal comes nearly two years after Bain Capital took Nasdaq-listed Chindata private in a $3.16 billion deal. Bain Capital first acquired Chinese data centre operator Chindata in 2019 and merged it with Southeast Asia data centre operator Bridge Data Centres in the same year. The listed entity was a combination of both. Since the take-private, the Boston-based firm separated the two businesses again under WinTriX, said a third person with knowledge of the situation. The sale also comes as data centre valuations have soared in the last few years, driven by rapid developments of artificial intelligence. Last year Australian data centre operator AirTrunk was sold to a Blackstone-led consortium for over 20 times its forward core earnings, Reuters reported. WinTriX's Chinese rival GDS Holdings is currently trading at a price-to-earnings multiple of 8.48 times, LSEG data showed. Fitch Ratings however in February downgraded WinTriX's long-term foreign- and local-currency issuer default ratings to "BB" from "BBB" with a stable outlook, which it said reflected its expectations that WinTriX would face significantly higher business risks as it changed its strategy to focus on overseas investment. Fitch cited slower hyperscale data centre demand and higher competition in China as one of the additional risks WinTriX would face. WinTriX counts social media giant Bytedance as its largest customer, which contributed to 86% of its revenue in 2022, according to the Fitch report. Outside China, it also operates data centres in India and Malaysia. In March, WinTriX's unit Bridge Data Centres, which operates data centres outside China, secured a $2.8 billion bank financing to fuel its data centre expansion, it said at the time. Bain Capital will keep its control of Bridge Data Centres for the time being, said the sources. (Reporting by Kane Wu; Editing by Sumeet Chatterjee and Stephen Coates)
Reuters
09-05-2025
- Business
- Reuters
Bain Capital to sell China data centre business likely valued at over $4 billion, sources say
HONG KONG, May 8 (Reuters) - U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said. Bain Capital has engaged with advisers who have held preliminary conversations with potential buyers in recent months, said the people, declining to be named as the information was not public. The China business of WinTriX, formerly known as Chindata Group Holdings, has estimated 2025 earnings before interest, taxes, depreciation, and amortisation (EBITDA) of close to 4 billion yuan, they said. Bain Capital declined to comment. The data centre operator did not respond to a Reuters request for comment. The potential deal comes nearly two years after Bain Capital took Nasdaq-listed Chindata private in a $3.16 billion deal. Bain Capital first acquired Chinese data centre operator Chindata in 2019 and merged it with Southeast Asia data centre operator Bridge Data Centres in the same year. The listed entity was a combination of both. Since the take-private, the Boston-based firm separated the two businesses again under WinTriX, said a third person with knowledge of the situation. The sale also comes as data centre valuations have soared in the last few years, driven by rapid developments of artificial intelligence. Last year Australian data centre operator AirTrunk was sold to a Blackstone-led consortium for over 20 times its forward core earnings, Reuters reported. WinTriX's Chinese rival GDS Holdings ( opens new tab is currently trading at a price-to-earnings multiple of 8.48 times, LSEG data showed. Fitch Ratings however in February downgraded WinTriX's long-term foreign- and local-currency issuer default ratings to "BB" from "BBB" with a stable outlook, which it said reflected its expectations that WinTriX would face significantly higher business risks as it changed its strategy to focus on overseas investment. Fitch cited slower hyperscale data centre demand and higher competition in China as one of the additional risks WinTriX would face. WinTriX counts social media giant Bytedance as its largest customer, which contributed to 86% of its revenue in 2022, according to the Fitch report. Outside China, it also operates data centres in India and Malaysia. In March, WinTriX's unit Bridge Data Centres, which operates data centres outside China, secured a $2.8 billion bank financing to fuel its data centre expansion, it said at the time. Bain Capital will keep its control of Bridge Data Centres for the time being, said the sources.
Yahoo
09-05-2025
- Business
- Yahoo
Bain Capital to sell China data centre business likely valued at over $4 billion, sources say
By Kane Wu HONG KONG (Reuters) -U.S. investment firm Bain Capital is seeking to sell the China business of data centre operator WinTriX DC Group, in a deal that could value the business at over $4 billion, two people with knowledge of the situation said. Bain Capital has engaged with advisers who have held preliminary conversations with potential buyers in recent months, said the people, declining to be named as the information was not public. The China business of WinTriX, formerly known as Chindata Group Holdings, has estimated 2025 earnings before interest, taxes, depreciation, and amortisation (EBITDA) of close to 4 billion yuan, they said. Bain Capital declined to comment. The data centre operator did not respond to a Reuters request for comment. The potential deal comes nearly two years after Bain Capital took Nasdaq-listed Chindata private in a $3.16 billion deal. Bain Capital first acquired Chinese data centre operator Chindata in 2019 and merged it with Southeast Asia data centre operator Bridge Data Centres in the same year. The listed entity was a combination of both. Since the take-private, the Boston-based firm separated the two businesses again under WinTriX, said a third person with knowledge of the situation. The sale also comes as data centre valuations have soared in the last few years, driven by rapid developments of artificial intelligence. Last year Australian data centre operator AirTrunk was sold to a Blackstone-led consortium for over 20 times its forward core earnings, Reuters reported. WinTriX's Chinese rival GDS Holdings is currently trading at a price-to-earnings multiple of 8.48 times, LSEG data showed. Fitch Ratings however in February downgraded WinTriX's long-term foreign- and local-currency issuer default ratings to "BB" from "BBB" with a stable outlook, which it said reflected its expectations that WinTriX would face significantly higher business risks as it changed its strategy to focus on overseas investment. Fitch cited slower hyperscale data centre demand and higher competition in China as one of the additional risks WinTriX would face. WinTriX counts social media giant Bytedance as its largest customer, which contributed to 86% of its revenue in 2022, according to the Fitch report. Outside China, it also operates data centres in India and Malaysia. In March, WinTriX's unit Bridge Data Centres, which operates data centres outside China, secured a $2.8 billion bank financing to fuel its data centre expansion, it said at the time. Bain Capital will keep its control of Bridge Data Centres for the time being, said the sources. Sign in to access your portfolio
