Bain Capital reportedly eyeing $5bn sale of Bridge Data Centres stake

Bain Capital is expected to sell its 40% stake in Bridge Data Centres at a US$5 billion valuation.

As reported by Reuters, people with knowledge of the matter anonymously explained that the firm has hired Citigroup and JPMorgan to run the sale, which has reportedly attracted plenty of interest from private equity and infrastructure funds.

The sources added that indicative bids are due by the middle or end of next month, with Bain Capital allegedly open to considering the sale of a bigger or even a controlling stake if it receives a good offer.

“The ‌claims are speculative and unsubstantiated,” Bridge Data Centres said ⁠on Thursday, as reported by Reuters. “As a matter of policy, we do not comment on unverified information or market rumours.”

Bridge Data Centres is a leading operator based in Singapore, specialising specifically in hyperscale, build-to-suit and colocation data centres across the entire Asia-Pacific (APAC) region. According to its website, it currently has more than 400 megawatts (MW) of in-service capacity across Southeast Asia and more than 700MW of contracted capacity with hyperscalers.

The operator is on track for 1.5 gigawatts (GW) of planned capacity at its existing sites, it said, with a delivery timeline of roughly eight months for hyperscale campuses, given its use of prefabricated construction.

Founded in partnership with Bain Capital, Bridge Data Centres originally merged into Chinese data centre operator Chindata in 2019, before being separated after Bain Capital took Chindata private in 2023.

The story comes as Asia’s data centre sector continues to boom, as rising demand for AI and cloud services is fuelling construction across the region. The APAC region is expected to become the world’s next data centre hub, with Moody’s citing it will attract roughly $800 billion of investment by 2030 and more than double its installed capacity.

Regional electricity demand is projected to increase by nearly 50% by 2035 as economies grow and electrify, according to Deloitte, while data centre electricity demand is expected to expand up to five times its current amount by the mid-2030s.

“AI, cloud and connectivity are driving an unprecedented need for computing power across the region,” said Abhrajit Ray, Asia-Pacific technology, media and telecom leader at Deloitte, earlier this year.

“The winners in this race will be those operators and markets that treat energy as core infrastructure, not a downstream procurement choice.”

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