US investment firm Bain Capital is reportedly looking to divest part of its stake in APAC data center firm Bridge DC.

Citing people familiar with the matter, Reuters reports that Bain is looking to sell a stake of at least 40 percent in Bridge Data Centres (BDC) in a ‌deal that would value the operator at $5 billion.

Bain has reportedly hired Citigroup and JPMorgan to manage the sale. A number of private equity and infrastructure funds are said to be interested.

Bain declined to comment to Reuters. Bridge provided the following statement to DCD: “The claims are speculative and unsubstantiated. As a matter of policy, we do not comment on unverified information or market rumours.”

Singapore-based Bridge lists five data centers in operation or in planning in Malaysia, two in Thailand, and one in India. The company claims to be targeting 3GW of capacity by 2030.

Bloomberg reported that Bain was weighing its options for Bridge back in December.

Founded in 2017, Bridge was merged with Bain's Chinese data center business, ChinData, in 2019. The two firms were split again after ChinData was sold to a Chinese-led consortium in September last year.

Bain also owns EMEA-focused data center firm Hscale and US-focused operator DC Blox.