Chinese data center operator Qinhuai Data on Friday (August 11) announced that it has reached a privatization agreement with Bain Capital to end the privatization tug -of -war in Qinhuai Data.
According to Reuters, Qinhuai Data announced on Friday that Bain Capital will acquire Qinhuai Data with a securities valuation of about 3.16 billion US dollars (about S $ 4.273 billion).ADS shareholders (ADS) shareholders will receive $ 8.60 per share.
The purchase price proposed by Bain Capital increased by 7.5%compared to the price proposed in June, and it was also about 43%from the closing price before the Qinhuai Data Data In June acquisition plan.Bain Capital is the largest shareholder of Qinhuai data, with 87%of voting rights and 42%of circulation stocks.
Qinhuai data says that the privatization transaction will be carried out through the combination of cash and debt financing provided by Shanghai Pudong Development Bank, and it is expected to be completed in the fourth quarter of 2023 or early next year.
Public information shows that Qinhuai Data Group is a domestic third -party IDC (Internet data center) company listed in the United States. It has data centers in China, India and Southeast Asia.Main IDC supplier.According to the financial report data, in 2020, 2021 and 2022, Qinhuai data from the proportion of revenue from byte beating accounted for 81.7%, 83.2%, and 86.3%, respectively.
In July of this year, China -owned Capital Investment Corporation Investment Capital also stated that it intends to comprehensively acquire Qinhuai data with $ 3.4 billion, which is about 15%higher than the acquisition price proposed by Fang Bay Capital, but BainThe capital statement stated that he had no intention to sell any shares to any third party and did not intend to conduct any replacement transactions.
