Bain Capital seeks buyer for stake in Bridge Data Centres at $5 billion valuation
April 23, 2026 – 7:47 am
Sources tell Reuters that Bain is looking to sell a stake in Bridge Data Centres (BDC), a Singapore-headquartered pan-Asian hyperscale data centre operator with nine centres across Malaysia, Thailand, and India, at a valuation of approximately $5 billion. Citigroup and JPMorgan are running the process. ByteDance, the parent company of TikTok, is the anchor tenant, particularly for its campus in Malaysia.
Background:
- BDC raised $2.8 billion in senior secured bank financing in 2024.
- As recently as March 2026, Bloomberg reported talks with lenders for an additional loan of up to $6 billion to fund expansion in Thailand.
- In January 2026, BDC announced plans to invest up to S$5 billion (approximately $3.9 billion) in Singapore, targeting regional capacity of around 2 gigawatts by 2030.
- A strategic review begun in late 2025 culminated in the sale process, with Bloomberg reporting in December 2025 that Bain was considering a minority stake sale or continuation vehicle.
- CNBC reported in March 2026 that Bain was offering up to 70% of BDC to potential buyers.
- The $5 billion valuation cited by Reuters is the first specific figure attributed to the process, previous coverage using the term "several billion dollars."
Geopolitical Considerations:
The BDC story has significant geopolitical dimensions, particularly regarding US-China technology restrictions. Chinese companies have used data centres outside China, like those in Malaysia, to access high-end Nvidia chips blocked by US export controls. Any potential acquisition would face scrutiny on these grounds. Likely buyers include infrastructure-focused funds, Asian sovereign wealth vehicles, or other data centre operators less exposed to US-China technology restrictions.
For Bain, the timing reflects a calculated exit from a complex portfolio.