Bain Capital to Take Chindata Private to Get Full Ownership
- The firm will pay $4.30 for ordinary shares, $8.60 for an ADS
- Data centers have become hot assets among investors recently
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Bain Capital signed an agreement to take Chindata Group Holdings Ltd. private, a deal that allows the buyout firm to take full ownership of the data center business.
The private investment firm will pay $4.30 per ordinary stock and $8.60 per American depositary share, according to the firm’s statement released Friday. That’s roughly in line with a Bloomberg News report. The offer represents a 7.5% increase from the proposed purchase price when the firms first contemplated a takeover.