Bain Capital has successfully sold its Chinese data center platform, Chindata, to Shenzhen Dongyangguang Industry Co., Ltd. for approximately $4 billion, marking a significant milestone in the country's data center industry.

Target Information

Chindata, a prominent player in China's data center sector, has successfully transitioned its business from Bain Capital to a consortium led by Shenzhen Dongyangguang Industry Co., Ltd. (HEC). This transaction is valued at approximately $4 billion, making it the largest deal recorded in the history of the data center industry in China. Founded in 2018, Chindata has rapidly established itself as a leading hyperscale data center platform, significantly contributing to the growth of sectors such as artificial intelligence, big data, and cloud computing.

Industry Overview in China

The data center industry in China has witnessed tremendous growth over the past few years, driven by the exponential increase in data consumption and the need for robust digital infrastructure. The country has experienced a surge in demand for data services, fueled by advancements in technology and increased internet penetration. With businesses leveraging digital transformation, the demand for reliable data center services is expected to continue rising.

Government initiatives aimed at boosting technological innovation and establishing smart cities have also propelled the data center sector forward. China's