Bain Capital is preparing to divest at least a 40% stake in Bridge Data Centres (BDC), in a transaction that would value the Asia-focused data infrastructure developer at around $5bn, according to a report by Reuters citing unnamed people familiar with the matter.
The US private equity firm has mandated Citigroup and JPMorgan Chase to run the sale process, which has already drawn interest from a range of private equity and infrastructure investors. Indicative bids are expected to be submitted by...
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