Private equity giant Bain Capital is courting backers for its APAC data center platform Bridge Data Centers, according to a report.

Unnamed sources have told Bloomberg that Bain is considering various options to fund the expansion of Bridge’s data center offering, including a stake sale and a continuation fund.

It was also reported that this could value the business at several billion dollars, with interest coming from infrastructure-focused funds, data center operators, and sovereign wealth funds.

Bain has been reshuffling and reorganizing its data center portfolio as of late. The firm sold its China data center business – ChinData – to a Chinese-led consortium for $4 billion back in September after spending some time looking for a buyer.

Under Bain, Bridge and ChinData were formerly merged, but the pair were informally separated in 2023. The former remains part of the firm’s portfolio.

Bridge is one of the largest data center players in the APAC region, with a prominent presence in Malaysia.

Although it backed out of an exclusivity agreement to develop a 200MW data center in Selangor in late October, the firm operates two facilities in Cyberjaya with a third in development, and launched a data center outside Johor in 2022.

It announced plans for the first 16MW building at its MY03 site in Kuala Lumpur’s Mranti Park in 2021 and announced an expansion last year.

Bain also owns the EMEA-focused Hscale, launched in May of this year, and the US-focused DC Blox.