Bain Capital Investors, LLC made an offer to acquire the remaining 57.83% stake in Chindata Group Holdings Limited (NasdaqGS:CD) from APG Asset Management NV and others in a going private transaction on June 6, 2023. The transaction will be funded by a combination of debt and equity. The consideration payable for each ordinary share of the Company, will be $4.0 in cash, or $8.0 in cash for each American Depositary Share of the Company (an ?ADS?, representing two Class A ordinary shares of the Company). As of August 11, 2023, Bain Capital Investors, LLC entered into an agreement to acquire the remaining 57.83% stake in Chindata Group Holdings Limited (NasdaqGS:CD) in a going private transaction for $2.8 billion. The consideration payable for each ordinary share of the Company, will be $4.3 in cash for Class B shares, and $8.6 in cash for class A shares. Chindata has formed a special committee of three disinterested, independent directors to review the transaction. The Merger is currently expected to close during the fourth quarter of 2023 or the first quarter of 2024 and is subject to customary closing conditions. As of October 19, 2023, Chindata Group to Hold Extraordinary General Meeting of Shareholders to be held on December 4, 2023. to consider and vote on, among other things, the proposal to authorize and approve the plan of merger. As of December 4, 2023, Chindata Group shareholders approved the deal.

Citigroup Global Markets Asia Limited is serving as the independent financial advisor to the Special Committee. Qi Yue and Brian Schwarzwalder of Gibson, Dunn & Crutcher is serving as U.S. legal counsel to the Special Committee. Certain legal matters with respect to the Cayman Islands law are advised by Maples and Calder (Hong Kong) LLP. Certain legal matters with respect to PRC law are advised by Haiwen & Partners. Adé Heyliger, Chris Welty and Tim Gardner of Weil, Gotshal & Manges is serving as U.S. legal counsel to Citigroup Global Markets Asia Limited. Morgan Stanley Asia Limited is serving as the financial advisor to the Bain Shareholders and their affiliates. Gary Li, Sarkis Jebejian, Pierre-Luc Arsenault, Min Lu, Jacqueline Zheng, Joshua N. Korff, Michael Kim, Ann Becchina, Louis Rabinowitz, Mike Carew, Matthew Solum, Paul Quinn, Cori A. Lable and Yue Qiu of Kirkland & Ellis is serving as U.S. legal counsel to the Bain Parties. Conyers Dill & Pearman is serving as Cayman Islands legal counsel to the Bain. King & Wood Mallesons is serving as PRC legal counsel to the Bain. Goldman Sachs & Co. LLC acted as financial advisor to Bain Capital Investors, LLC. Chris Welty, Tim Gardner and Adé Heyliger of Weil, Gotshal & Manges LLP, Hong Kong acted as a legal advisor to Chindata Group Holdings Limited. Morrow & Co., LLC acted as proxy solicitor to Chindata Group. Miranda So of Davis Polk & Wardwell LLP, Hong Kong Office acted as a legal advisor to Chindata Group Holdings Limited. Alan Au and Ian Mann of Harney Westwood & Riegels acted as legal advisor to APG Asset Management NV. Nick Benham of Davis Polk & Wardwell London LLP and Ethan R. Goldman of Davis Polk & Wardwell LLP acted as legal advisor to APG Asset Management NV.

Bain Capital Investors, LLC completed the acquisition of the remaining 57.83% stake in Chindata Group Holdings Limited (NasdaqGS:CD) from APG Asset Management NV and others in a going private transaction on December 18, 2023.