Bain to Sell China Data Centers to HEC-Group in $4 Billion Deal

Bain Capital, a private equity firm, has agreed to sell its data centers in China to Shenzhen Dongyangguang Industry Co., a subsidiary of the HEC-Group, in a deal valued at approximately $4 billion. The transaction is part of Bain Capital's strategy to focus on its core business and divest its non-core assets. The data centers being sold are located in China and have been operated by Bain Capital under its portfolio. The sale reflects the growing demand for data center services in China, as the country continues to experience rapid digitalization and the increasing need for cloud computing infrastructure. The acquisition by HEC-Group, a prominent Chinese conglomerate, will allow the data centers to be integrated into the company's existing operations and leverage its expertise in the sector. The deal is subject to regulatory approvals and is expected to be completed in the coming months. The transaction will provide Bain Capital with a significant return on its investment and enable the firm to reinvest in other strategic opportunities.