Bain Capital Approaches Acquisition of U.S. Data Center Company Edged

en.Wedoany.com Reported - September 30 news: Bain Capital is in talks with U.S. data center developer Edged regarding a potential acquisition. Edged was co-founded by Koch Real Estate Investments and entrepreneur Jakob Carnemark, and Koch had previously initiated a sale process. The transaction is still in the negotiation stage, and no final agreement has been reached. Edged's overall valuation could exceed $15 billion. Koch had previously engaged Goldman Sachs to assess potential buyer interest and received multiple bids.

Edged is primarily engaged in the development, construction, and operation of data centers, with projects using waterless cooling technology. Projects disclosed by Koch include a 96MW data center in Chicago, a 24MW project in Kansas City, and a 168MW project in Atlanta; previously publicly available information showed that Edged already operates 7 data centers, with multiple projects still in the development stage.

The core of this potential transaction remains an equity sale, not the transfer of assets of a single data center project. In July, Koch began testing market interest in an overall sale of Edged, and the potential transaction valuation at that time was also said to possibly exceed $15 billion. The sale process is still ongoing, and the final buyer, transaction structure, and transaction price have not yet been determined.

Edged's existing projects mainly target the data center needs of large cloud service and technology customers. Koch previously disclosed that it and Edged have developed large-capacity data centers in multiple U.S. markets, with the Atlanta project approaching 170MW in scale. As artificial intelligence and cloud computing customers expand computing infrastructure construction, data center platforms such as Edged that have existing operating assets and a pipeline of follow-on projects continue to be acquisition targets for large infrastructure and private capital investors.