Bain seeks delisting of Chindata within three years of listing
Bain Capital has submitted a USD 2.9bn take-private bid for Chindata Group, a largely China-focused data centre operator that it assembled through a buy-and-build and took public in October 2020.
The private equity firm currently holds a 42% stake in Chindata and has 87% of the total voting power by virtue of the dual-class share structure. It is offering to buy all outstanding American Depository...
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