Bain to Invest USD570 Million in Beijing Qinhuai Technology
Source(s): Hina Group
Global private equity firm Bain Capital has agreed to invest USD570 million in China-based data center developer and operator Beijing Qinhuai Technology. In addition to data center planning, design, construction, and operation, the company provides network and IT support services to clients. Bain will provide the company with strategic support and help in obtaining new channels of financing through the capital markets. Earlier this year, Bain acquired Beijing Qinhuai Technology’s parent company Xiamen Qinhuai Technology.