China Merchants Capital moves for Bain target Chindata
China Merchants Capital is challenging Bain Capital for Chindata Group, a largely China-focused data centre operator, having submitted a USD 3.4bn all-cash offer for the US-listed company.
Bain assembled Chindata through a buy-and-build and took the business public in October 2020. Last month, the private equity firm – which still holds a 42% stake in the company and has 87% of the total...
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