Bain Capital announced it has closed the strategic sale of WinTriX DC Group’s China business, a data center portfolio company, to a consortium led by Shenzhen Dongyangguang Industry Co., Ltd. (HEC), valuing the business at approximately $4 billion.
In a January 16 announcement from Beijing, Bain described the transaction as the largest in the history of China’s data center industry, positioning the deal as a major milestone in the country’s digital infrastructure buildout amid accelerating demand for AI, big data, and cloud computing.
The sold China business operates under the name Chindata. Bain said it first invested in the platform in 2018 and that, over the holding period, the company scaled into one of China’s leading hyperscale data center operators. Bain framed the exit as the culmination of a long-term strategy to back category-leading infrastructure assets and support management teams as they expand capacity and customer reach.
Bain and HEC characterized the closing as a collaborative outcome and said the deal reflects continued confidence in China’s digital infrastructure growth trajectory. Bain added that it expects HEC to build on the platform’s existing footprint and guide Chindata through its next phase of development.
Bain Capital, founded in 1984, said it invests across private equity, growth and venture, capital solutions, credit and capital markets, and real assets. The firm said it has 24 offices globally, more than 1,945 employees, and approximately $215 billion in assets under management.
KEY QUOTE:
“We are pleased to see this landmark transaction successfully completed. Chindata’s growth journey reflects Bain Capital’s long-term commitment to building and scaling category-leading businesses in partnership with strong management teams. We believe that HEC will build on this strong foundation and continue to advance Chindata into its next phase of growth.”
Drew Chen, Partner, Bain Capital
