Bain Capital Sells China Data Centers in $4B Deal

Bain Capital has agreed to sell its China data centre business, WinTriX DC Group (formerly Chindata Group Holdings), to a consortium led by Shenzhen Dongyangguang Industry Co. (HEC) in a deal valued at approximately $4 billion. The consortium includes institutional investors such as insurance companies and local government funds, and the acquisition is expected to close in the first quarter of next year pending regulatory approval. WinTriX has become a leading hyperscale data centre platform in China, with ByteDance as its largest customer, accounting for 86% of its 2022 revenue. Guangdong HEC and related parties will inject significant capital into a joint venture to complete the purchase, which will help HEC expand its presence in the digital economy infrastructure sector. This transaction marks the largest merger and acquisition deal in China’s data centre industry and reflects growing investor interest in digital infrastructure amid expanding digital transformation efforts. Bain Capital highlighted that HEC's strong industrial capabilities will support the next growth phase of WinTriX’s China operations.