By Yantoultra Ngui and Kane Wu
SINGAPORE/HONG KONG, April 23 (Reuters) – U.S. investment firm Bain Capital is seeking to sell a stake of at least 40% in Bridge Data Centres (BDC) in a deal that would value the Singapore-based data infrastructure builder at $5 billion, two people with knowledge of the matter said.
The Boston-based firm has hired Citigroup and JPMorgan to run the sale, which has attracted interest from a number of private equity and infrastructure funds, the two sources said.
Indicative bids are due by the middle or end of next month, one of the people said.
Bain Capital would consider selling a bigger and even a controlling stake if it receives an attractive offer, the sources said, adding the buyout firm is unlikely to completely sell out at the moment.
The two sources declined to be identified as the information was confidential.
Bain Capital, BDC, Citi and JPMorgan declined to comment.
The potential stake divestment comes as investors pour money into Asia’s booming data centre sector, with surging demand for cloud computing, artificial intelligence and digital services fuelling aggressive capacity buildouts across the region.
The growing demand has made these assets the most sought-after infrastructure bets in Asia.
In February, a KKR and Singapore Telecommunications consortium agreed to pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres in one of Asia’s largest digital infrastructure transactions.
In September, Vantage Data Centers said it had secured a $1.6 billion investment led by an affiliate of Singapore’s GIC and a unit of Abu Dhabi Investment Authority to scale up Asia Pacific operations.
In 2025, merger and acquisition deals targeting data centres globally totalled $98 billion of which Asia Pacific had an 11% share, Dealogic data showed. This year so far the region’s share has surged to 45%.
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According to its website, BDC constructs extremely large data infrastructure areas known as hyperscale sites that can hold thousands of servers and can be easily expanded, referred to as scalability. The company also builds custom facilities and so-called co-location data centres where clients can rent just a portion of a facility.
BDC says it serves global tech clients and massive cloud service providers, without naming them, at facilities in Malaysia, Thailand and India.
BDC was founded a decade ago by industry veterans Michael Foust and Kris Kumar in partnership with Bain Capital, which merged the firm into Chinese data centre operator Chindata in 2019 and listed the combined business on the Nasdaq in 2020.
The two businesses were separated again under a new entity WinTriX after Bain Capital took Chindata private in 2023 in a $3.16 billion deal.
In January, Bain Capital completed the sale of Chindata to a consortium led by Shenzhen Dongyangguang Industry Co that valued the business at $4 billion.
($1 = 1.2753 Singapore dollars)
(Reporting by Yantoultra Ngui in Singapore and Kane Wu in Hong Kong; Editing by Sumeet Chatterjee and Christian Schmollinger)
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