Bain Capital has agreed to sell WinTriX DC Group’s China operations to a consortium led by Guangdong Hec Technology for $3.9 billion, marking a major milestone in the Asian data center market.

Target Information

Bain Capital has entered into an agreement to sell the China operations of WinTriX DC Group to a consortium led by Guangdong Hec Technology for $3.9 billion. This transaction is notable as one of the largest data center deals in Asia for the year, with the consortium, which includes institutional investors and local government funds, acquiring the business at an enterprise value of approximately 36 billion yuan ($5 billion). The completion of the transaction is anticipated in the first quarter of 2026, pending regulatory approval.

WinTriX is particularly significant in the Chinese data center landscape, with ByteDance identified as its largest customer, accounting for 86% of the company's revenues in 2022, as reported by Fitch Ratings. In addition to its operations in China, WinTriX also manages data centers in India and Malaysia, indicating its regional footprint within the growing digital infrastructure sector.

Industry Overview in China

The data center industry in China is experiencing rapid growth, fueled by the increasing adoption of artificial intelligence and a surge in demand for digital infrastructure. As companies transition to cloud computing and require greater storage and processing power