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9 months ago

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Bain's Chindata buyout saga verges on absurd

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Bain's Chindata buyout saga verges on absurd

What's a private equity firm to do when a company it took public and still controls performs poorly on the stock market – despite having all the makings of a rosy future? The unwritten rule book says buy out the other shareholders for less than you listed it for and aim to make more money from a sale later. On first blush, that appears to be what Bain Capital is trying to do with Chinese data centre operator Chindata . But it's a saga that's starting to verge on the absurd.

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Bain's Chindata buyout saga verges on absurd

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Bain's Chindata buyout saga verges on absurd

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