US investment firm Bain Capital is looking to sell 40 per cent or more of its stake in Bridge Data Centres (BDC) which would value the firm at US$ 5 billion, Reuters reports yesterday quoting two sources with knowledge of the matter.
Bain Capital has hired American top banks, Citigroup and JPMorgan to conduct the sale of the Singapore-based digital platform, the sources said, adding that a number of private equity and infrastructure funds have expressed interest. Indicative bids are due by the middle or end of next month.
BDC when contacted yesterday reportedly said, “The claims are speculative and unsubstantiated. As a matter of policy, we do not comment on unverified information or market rumours.”
Bain Capital, Citigroup and JPMorgan declined to comment.