Bain Capital eyes $5B valuation in Bridge Data Centres stake sale

US-based investment firm Bain Capital is seeking to sell a stake of at least 40% in Bridge Data Centres (BDC), in a deal that could value the Singapore-based company at around $5 billion.

The Boston-headquartered buyout firm has appointed Citigroup and JPMorgan to manage the potential sale process.

The process has already drawn interest from several private equity and infrastructure investors, highlighting strong appetite for digital infrastructure assets.

Bidding timeline and deal flexibility

Indicative bids for the stake are expected by the middle or end of next month.

Bain Capital is also open to selling a larger stake, including a potential controlling interest, if it receives an attractive offer.

However, the firm is unlikely to exit the business at this stage.

Rising demand drives sector interest

The potential transaction comes at a time when investor interest in Asia’s data centre sector is accelerating rapidly.

Demand for cloud computing, artificial intelligence and digital services continues to rise, driving aggressive expansion of infrastructure capacity across the region.

This surge in demand has made data centres one of the most sought-after infrastructure asset classes in Asia.

Recent deals underscore the momentum in the sector.

In February, a consortium involving KKR and Singapore Telecommunications agreed to pay $6.6 billion to take full control of ST Telemedia Global Data Centres, marking one of the largest digital infrastructure deals in Asia.

In another transaction, Vantage Data Centres secured a $1.6 billion investment led by an affiliate of Singapore’s GIC and a unit of Abu Dhabi Investment Authority to expand its Asia Pacific operations.

Global merger and acquisition activity in the data centre sector reached $98 billion in 2025, with Asia Pacific accounting for 11% of the total, Dealogic data showed.

This year, the region’s share has surged significantly to 45%, reflecting increasing investor focus.

BDC’s business model and operations

Bridge Data Centres specialises in building large-scale data infrastructure facilities, commonly known as hyperscale sites.

These facilities are designed to host thousands of servers and allow for easy expansion, offering scalability to clients.

The company also develops customised data centres and co-location facilities, where customers can lease portions of infrastructure, according to information available on its website.

BDC serves global technology companies and major cloud service providers across key markets including Malaysia, Thailand and India, though it does not publicly disclose specific clients.

Company background and Bain Capital’s involvement

Bridge Data Centres was founded about a decade ago by industry veterans Michael Foust and Kris Kumar, in partnership with Bain Capital.

In 2019, Bain Capital merged BDC with Chinese data centre operator Chindata and later listed the combined entity on Nasdaq in 2020.

The businesses were subsequently separated under a new entity, WinTriX, after Bain Capital took Chindata private in a $3.16 billion deal in 2023.

More recently, Bain Capital completed the sale of Chindata to a consortium led by Shenzhen Dongyangguang Industry Co in January, valuing the company at $4 billion.

The potential sale of a stake in Bridge Data Centres reflects Bain Capital’s continued efforts to capitalise on strong investor demand for digital infrastructure assets while retaining exposure to the sector’s long-term growth.