InfraCompute / Investments
Bain Capital agrees to take Chindata private
M&A · Chindata Group · US$3.16bn, 11 August 2023.
Key terms
- Company
- Chindata Group
- Date
- 11 August 2023
- Type
- M&A
- Value
- US$3.16bn
- Status
- Completed
- Region
- China and Asia-Pacific
What happened
Bain Capital signed a definitive agreement to take Nasdaq-listed Chindata private at a 42.6% premium, funded with cash and debt from Shanghai Pudong Development Bank.
Recorded terms
- Price
- US$4.30 per share; US$8.60 per ADS
- Funding
- Cash and debt financing from Shanghai Pudong Development Bank
- Value basis
- About US$3.16bn equity value; US$8.60 per ADS
- Segment
- Data centres
Parties
Related
More 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
- Bain Capital: Bain Capital and Chindata enter definitive privatization agreementSource date: 11 August 2023
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.
