Bain Capital has started reaching out to potential buyers for its stake in Bridge Data Centers, according to two people familiar with the matter, as the private equity firm eyes exits amid rising demand for AI infrastructure. Citigroup and JPMorgan are running the sale process and have sent out preliminary marketing materials to investors to sell up to a 70% stake in BDC, according to the people, who asked not to be named as they were not authorized to discuss private deliberations. Bain invested in BDC in 2017. The size of its stake is not publicly known. Considerations are at an early stage, and no final decisions have been made, both sources said. Bain may also consider a continuation fund that would allow it to hold a stake in the business for longer while bringing in new investors to continue scaling, CNBC has learned. Bain and Citigroup declined to comment. BDC and JPMorgan had not responded to requests for comment as this article went live. Singapore-headquartered BDC operates large data-center campuses in Malaysia, Thailand, and India. The company raised $2.8 billion in debt financing last year. A frenzy of dealmaking Bain’s potential sale of its BDC stake came amid a dealmaking frenzy in the sector, buoyed by surging demand for AI compute capacity, as hyperscalers and investors race to secure AI-ready a …
