InfraComputeThe capital behind compute.

InfraCompute / Investments

Bain sells Chindata China to HEC-led consortium

M&A · Chindata (WinTriX DC Group China operations) · US$4bn, 16 January 2026.

Key terms

Company
Chindata (WinTriX DC Group China operations)
Date
16 January 2026
Type
M&A
Value
US$4bn
Status
Completed
Region
China

What happened

Bain Capital completed the sale of 100% of WinTriX DC Group’s China business, Chindata, to an HEC-led consortium including insurers and local government funds. Bain described it as the largest deal in China’s data centre history.

Recorded terms

Stake
100% of China operations
Signing
10 September 2025
Value basis
About US$4bn
Segment
Data centres

Parties

Related

More investments

All investments →

For counsel on a deal like this

M&A, preferred equity and joint venture terms from the filed agreements, for the buyer’s, the seller’s or the sponsor’s side. Previews are open; the full text is free with InfraCompute Weekly.

Sources

  1. Bain Capital: completes US$4bn strategic sale of WinTriX’s China businessSource date: 16 January 2026

About this record

Compiled from the sources above. Investments are recorded separately from the debt register and are not counted in debt totals. Terms are as announced and may have changed since. Methodology · Send a correction.

Randeep Bubbra

InfraCompute Weekly

The week in compute finance, read from the filings.

Deals, terms and the clauses behind them, for the people financing data centres, GPU clouds and the power behind them. By Randeep Bubbra.

Working on a financing like this one? Book 20 minutes with Randeep to see how it compares.

Fridays, one email. Work email only. Unsubscribe any time. Privacy.