Bain Capital weighs $15bn-plus Edged deal in US data centre push
Bain Capital is among the private equity firms bidding for Edged, the US data centre developer and operator owned by Koch, in a transaction that could value the business at more than $15bn, according to a report by Bloomberg.
Private equity firm Bain Capital is among several firms vying for Edged, a US data centre developer and operator owned by the Koch family, according to Bloomberg. The reported acquisition value could exceed $15 billion, marking a substantial expansion of Bain's footprint in the US data centre industry. This development follows a period of cautious investment by Bain, which has typically steered clear of direct involvement in the infrastructure supporting the burgeoning artificial intelligence sector.
The potential deal involves Edged, a company founded by Koch and entrepreneur Jakob Carnemark, aimed at developing, constructing, and operating data centres. Koch Real Estate Investments, a subsidiary of Koch, is leading the sale process, with the assistance of financial institutions Goldman Sachs and Newmark. Although no formal agreement has been finalized, sources indicate that discussions between Bain and Edged are underway.
Edged currently manages seven data centres in the United States, with one notable facility boasting a capacity of 169 megawatts in Atlanta. Additionally, the company has other projects in the pipeline. Despite the ongoing negotiations, the possibility of a deal remains uncertain at this stage.
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