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Bain Capital bid for Chindata values data centre company at $3bn

The non-binding buyout offer to take the Chinese data centre operator private has pushed its stock up by nearly 14% in early trading.

By João Marques Lima

Founder and Editor, The Tech Capital

7 Mins

June 08, 2023 | 12:30 PM BST

Bain Capital bid for Chindata values data centre company at $3bn

Wu Huapeng, Chindata's new CEO. Source: Chindata

The Tech Capital

Chinese hyperscale data centre operator Chindata Group Holdings Limited said its board of directors has received a preliminary non-binding proposal letter, dated June 6, 2023, from BCPE Bridge Cayman, L.P. and BCPE Stack Holdings, L.P. (collectively, the “Bain Shareholders”), proposing to acquire all of the outstanding ordinary shares of the company.

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João Marques Lima

Founder and Editor, The Tech Capital

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