Shenzhen Dongyangguang Industry to acquire Chindata from Bain Capital for $4bn.

Shenzhen Dongyangguang Industry, a diversified manufacturing and investment company, agreed to acquire Chindata, a carrier-neutral hyperscale data center solution provider, from Bain Capital, a private investment firm, for $4bn. “Chindata’s journey reflects Bain Capital’s strategy of partnering with outstanding management teams to build category-defining infrastructure platforms. Today, Chindata has evolved into one of China’s leading digital infrastructure platforms, with unmatched scale and technical capabilities. We believe HEC will continue to build on this legacy, bringing its strong industrial capabilities to support the next phase of Chindata’s development," Jonathan Zhu, Bain Capital Partner and Chair.