Deals
Bain-Backed Chindata Fielding Preliminary Takeover Interest
- Suitors including GDS, PAG weigh bids for data center operator
- Chinese technology company shares have suffered amid crackdown
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Chindata Group Holdings Ltd., the Chinese data center operator backed by Bain Capital, is attracting takeover interest from industry rivals, according to people familiar with the matter.
Shanghai-based GDS Holdings Ltd. is considering a bid to combine with Chindata, the people said, asking not to be identified because the matter is private. Asian private equity firm PAG, which launched a digital infrastructure platform last year, is separately weighing an offer, according to the people.