Leading law firms Gibson, Dunn & Crutcher, Kirkland & Ellis, and Weil, Gotshal & Manges, alongside King & Wood Mallesons, Maples and Calder, Conyers Dill & Pearman, and Haiwen & Partners, are offering legal advice on Bain Capital’s $3.16 billion deal to turn Chindata Group Holdings into a privately-held company.
As the primary investor in the Chinese hyperscale data center solution provider, Bain Capital, currently holds 42% of the total outstanding shares, amounting to 87% of the voting power. The firm has signed a definitive agreement with Chindata to buy all of its remaining shares and take it private with an all-cash offer. Full details are yet to emerge as the original article is behind a paywall. However, it is known that Bain Capital has outbid China Merchants Group in this acquisition.