News & Announcements

Weil Advises Citigroup Global Markets Asia on the $3.16B Take-Private Acquisition of U.S.-Listed Chindata Group by Bain Capital

Weil represented Citigroup Global Markets Asia as Financial Advisor to the Special Committee of the Board of Directors of Chindata Group Holdings Limited (“Chindata Group”) in connection with the $3.16 billion take-private acquisition of U.S.-listed Chindata Group by Bain Capital. The transaction was announced on August 12, 2023.

Headquartered in Beijing, Chindata Group (NASDAQ: CD) is a leading carrier-neutral hyperscale data center solution provider and a first mover in building next-generation hyperscale data centers in Asia-Pacific emerging markets including China, India and Southeast Asia.

The Weil team was led by Hong Kong Corporate and Private Equity partner Chris Welty and included associates Max Chu and Qi Zhang