Bain Capital is seeking a buyer for a stake in Bridge Data Centres (BDC), a pan-Asian hyperscale data centre operator, at a $5 billion valuation. Citigroup and JPMorgan are running the sale process, which remains at an early stage. BDC operates nine data centres across Malaysia, Thailand, and India, with ByteDance as its anchor tenant. The deal carries geopolitical complexity: Chinese tech firms have used BDC's Malaysian facilities to access Nvidia chips blocked by US export controls, making the assets both commercially attractive and politically sensitive. Bain has been invested since 2017 and recently separated BDC from its China data centre business. A $5 billion valuation would represent a significant return, timed amid peak AI infrastructure demand.
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