Chinese data centre operator Chindata to go private with Bain Capital in $3.16 billion deal

Chinese data centre operator Chindata Group said it would go private in a sweetened $3.16 billion deal with investor Bain Capital, ending months of uncertainty over its future after receiving interest from China Merchants Group.

The all-cash offer from Bain Capital, Chindata’s largest investor with 87% of voting power and 42% of outstanding shares, values each American depository share of the company at $8.60.