Alternative investor Bain Capital has merged two data centre firms in its portfolio – Chinese operator ChinData and Singapore-headquartered Bridge Data Centres – in a bid to form a pan-Asian platform.
The new parent company, ChinData, will continue to operate under the ChinData and Bridge brands respectively, Bain said announcing the merger on Thursday.
Bain Capital acquired the Chinese operator of campus-style, hyperscale data centres, ChinData, in May 2019 from Wangsu Science & Technology while it has owned Bridge Data Centres since 2017. Bridge Data, a wholesale and custom-build data centre company, recently acquired two data centres in Malaysia.
“The combined company delivers hyperscale, wholesale and custom-build data centre solutions to leading regional and global customers, with facilities in China, India, and Southeast Asia. The company currently has delivered over 100 MW of contracted capacity and is still under continuous and full-speed development,” the announcement said.
The entity expects to invest further capital to expand its footprint of wholesale and custom-build hyperscale solutions to more than 300 MW over the next two years to become one of the largest independent third-party data centre platforms in Asia, it added.
Bain, which has closed an over $4.6 billion vehicle for Asia last year, has invested in the combined data centre entity from vehicles managed by Bain Capital Private Equity and Bain Capital Credit.
The execution of the multi-part deal and corporate combination took more than three years, beginning with a greenfield development in India, acquisitions in Southeast Asia, and the exploration of the hyperscale opportunity brought about by the massive needs among Internet, cloud and technology companies in China.
The merged entity ChinData is expected to benefit from the dramatic growth in demand among enterprises for cloud services and the expansion of opportunities in Asia for international cloud providers that require high-performance mission-critical data centre facilities.