Bain Capital is preparing to divest at least a 40% stake in Bridge Data Centres (BDC), in a transaction that would value the Asia-focused data infrastructure developer at around $5bn, according to a report by Reuters citing unnamed people familiar with the matter.
The US private equity firm has mandated Citigroup and JPMorgan Chase to run the sale process, which has already drawn interest from a range of private equity and infrastructure investors. Indicative bids are expected to be submitted by mid-to-late next month, the sources said.
While Bain is focused on a partial exit, it could consider selling a larger or even controlling stake if pricing is compelling, though a full exit is not currently expected, the people added. Bain Capital, along with the advisers and BDC, declined to comment.
Bridge Data Centres operates hyperscale and co-location facilities across markets including Malaysia, Thailand and India, providing large-scale infrastructure for cloud computing and artificial intelligence workloads. The company serves global technology and cloud hyperscalers, although its clients have not been publicly disclosed.
The potential deal highlights continued strong investor appetite for digital infrastructure assets in Asia, where demand for data centre capacity has surged alongside growth in AI, cloud computing and digital services.
Recent transactions in the sector include KKR’s acquisition of ST Telemedia Global Data Centres alongside Singapore Telecommunications, as well as major equity investments in Vantage Data Centres from sovereign wealth and infrastructure investors.
According to industry data, Asia Pacific’s share of global data centre M&A has increased sharply in 2026, reflecting the sector’s growing importance within private markets.
BDC has undergone multiple structural changes under Bain Capital’s ownership. The firm was originally formed in partnership with Bain, later combined with Chinese operator Chindata in 2019 and listed in the US in 2020. It was subsequently restructured again following Bain’s take-private of Chindata in 2023 and a later separation into a new entity.
