Bain Sells Data Centers to HEC-Led Group in $4 Billion Deal (1)

Bain Capital agreed to sell its data centers in China to Shenzhen Dongyangguang Industry Co. in a transaction valued at about $4 billion.

Shenzhen Dongyangguang, the parent of Shanghai-listed Guangdong HEC Technology Holding Co., is leading a consortium that also features institutional investors including insurers and local government funds in acquiring the China assets of WinTrix DC Group, according to a statement Wednesday. WinTrix was formerly known as Chindata Group Holdings Ltd.

“Chindata has evolved into one of China’s leading digital infrastructure platforms, with unmatched scale and technical capabilities,” Jonathan Zhu, partner and chair of China at Bain ...