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Bain Capital seeks buyer for stake in Bridge Data Centres

News Snapshot:

Sources tell Reuters that Bain is looking to sell a stake in BDC, Singapore-headquartered, with nine data centres across Malaysia, Thailand, and India, at a $5 billion valuation. Citi and JPMorgan are running the process. ByteDance is the anchor tenant. No deal has been agreed and talks are preliminary. Bain Capital is seeking a buyer for a stake in Bridge Data Centres (BDC), a pan-Asian hyperscale data centre operator it has backed since 2017, at a valuation of approximately $5 billion, Reuters has reported, citing people familiar with the matter. Citigroup and JPMorgan are running the sale process. No final…

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