(Dec 8): Bain Capital is considering options including bringing in fresh backers for Singapore-based Bridge Data Centres (BDC) to help it to raise cash and expand, according to people familiar with the situation.
The US private equity firm is holding early talks with advisers about a review that may lead to a stake sale, the people said, asking not to be identified discussing private information. One of the options could include setting up a continuation fund, a move that would enable Bain to retain a holding in the business while bringing in new investors to turbocharge growth, the people said.
New investors may include infrastructure-focused funds as well as other data centre operators and sovereign wealth funds, the people said. A transaction could value the business at several billion dollars, they said.
Deliberations are preliminary and no final decisions have been made, the people said, adding that Bain may decide to not pursue a deal.
A representative for Bain declined to comment, while BDC didn’t respond to a request seeking comment.
Bain invested in BDC in 2017. The company has data centres in Malaysia, Thailand and India.
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The BDC deliberations follow Bain agreeing in September to sell its data centres in China in a deal worth about US$4 billion.
Data centres are attracting investor interest, not least because of their role in the artificial intelligence (AI) boom. Still, some concerns have been brewing about the high levels of spending in AI infrastructure.
Another Singapore-based operator, DayOne Data Centers Ltd, is in advanced talks to raise more than US$2 billion to support its international expansion, people familiar with the matter have said.
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