Bain Capital has agreed to sell WinTriX DC Group’s China operations to a consortium led by Guangdong Hec Technology in a $3.9bn deal, marking one of the largest Asian data centre transactions of the year, Reuters reports.

The consortium, which also includes institutional investors and local government funds, will acquire the business at an enterprise value of about 36bn yuan ($5bn). The deal is expected to close in the first quarter of 2026, subject to regulatory approval.

Hec Technology and its controlling shareholder will contribute 7.5bn yuan in fresh capital through a joint venture subsidiary to help finance the acquisition. The company said the deal would accelerate its push into the data centre sector, with its liquid cooling and green energy resources supporting WinTriX’s growing AI computing needs while reducing operating costs.

Bain Capital originally acquired the predecessor to WinTriX, then known as Chindata, in 2019 and merged it with Bridge Data Centres. In 2023, Bain took Chindata private in a $3.16bn deal.

WinTriX counts ByteDance as its largest customer, with the social media giant responsible for 86% of revenues in 2022, according to Fitch Ratings. Beyond China, the company also operates data centres in India and Malaysia.

The sale underscores the rising strategic value of data centres in Asia as AI adoption fuels surging demand for digital infrastructure.

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