Bain Seeks Out New Investors for Multibillion-Dollar Company Chindata
Bain is working with advisers to find partners who would buy the ownership rights to Chindata to raise funds for profit and expansion.
One of the world's leading private investment firms, Bain Capital has set plans to bring in new investors to invest in Chindata Group to raise funds and expand the data center company.
The US private equity firm is working with advisers to see if they can find partners that will take an active interest in some of the data centres, as it plans to sell ownership rights for the assets to help lighten its balance sheet while charging maintenance and operation fees.
In June 2023, Bain valued Chindata at $2.93 billion in a private deal. Today, it is currently gauging demands to weigh the best options before deciding on the details of a potential transaction.
In the past, it has had preliminary interest from potential investors, but there was no definite push as no final decisions were made. Bain has said that should it finally reach an agreement with new partners, it would give some of the funds it raised to its investors as dividends.
