Bain Capital taps buyer interest for Bridge Data Centres
CNBC: Bain Capital is exploring the sale of its stake in Bridge Data Centers amid high demand for AI infrastructure.
Bain Capital is reportedly looking to sell up to a 70% stake in Bridge Data Centers, a company it invested in back in 2017. The private equity firm has engaged Citigroup and JPMorgan to handle the sale process. Additionally, Bain is considering a continuation fund to retain a stake in the business and attract new investors for further growth. The potential sale comes amidst a surge in dealmaking in the tech sector, driven by increased demand for AI compute capacity. Data centers are seen as a crucial component of the AI revolution, providing stable cash flows through long-term leases with hyperscale tenants. Investor interest in data centers in Asia remains strong, with many viewing them as a defensive investment amid market uncertainty. ByteDance, the parent company of TikTok, is a key tenant for Bridge Data Centers’ facilities, particularly in Malaysia. Bain’s reshuffling of its data center portfolio in recent years reflects the evolving landscape of the sector, with concerns over valuation, geopolitical risks, and client concentration. Bridge Data Centers plans to invest billions in developing AI-powered digital infrastructure, aiming to significantly increase its capacity by 2030 through partnerships with platforms in Europe and the U.S.
