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New Deal


Announced

The Hina Group and Industrial Bank to acquire VNET Group for $800m.

Financials

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Transaction Value£613m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Data Centers and Hosting

Acquisition

Majority

data center

Domestic

Friendly

Pending

China

Public

Synopsis

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The Hina Group, an investment banking firm, and Industrial Bank, a joint-stock commercial bank, offered to acquire VNET Group, an operator of data center business, for $800m. “There can be no assurance that any definitive offer will be made, that any agreement will be executed or that the proposed transaction or any other transaction will be approved or consummated,” VNET.

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