Bain merges two data centre investments to roll out pan-Asia platform

Visual of a data centre. Credit: Flickr/Sean Ellis

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.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.