I Squared Capital Reportedly Weighs $2 Billion Sale of Asia-Pacific Data Center Operator BDx
February 6, 2026
Global investment firm I Squared Capital is exploring a potential sale of its Asia-Pacific data center portfolio company BDx, in a deal that could value the operator at up to $2 billion, according to a report from Bloomberg. The move underscores the intense investor appetite for digital infrastructure assets in high-growth markets, particularly as demand for cloud and AI computing capacity surges across the region. Citing people familiar with the matter, Bloomberg reported that I Squared has held preliminary discussions with advisors regarding a possible disposal of BDx. The report indicates that both financial investors and strategic players within the data center industry have expressed interest in a potential acquisition. However, no final decision has been made, and I Squared could opt to retain its stake in the company. Both I Squared and BDx declined to comment when approached by Bloomberg. Founded in 2019 and headquartered in Singapore, BDx has built a portfolio of data center and edge facilities spanning key markets including Singapore, Indonesia, Hong Kong, Mainland China, and Taiwan. The company is pursuing an ambitious expansion strategy with a goal to grow its total portfolio capacity to 1 gigawatt across the Asia-Pacific region. Last year, it secured funding for its first hyperscale data center project in Hong Kong. I Squared Capital, a U.S.-based infrastructure investor with approximately $50 billion in assets under management, has been an active player in the digital infrastructure space. Its portfolio includes European edge data center firm nLighten, which it established in 2023. A successful sale of BDx would represent a significant liquidity event for the private equity firm and could set a valuation benchmark for regional data center platforms. The potential transaction arrives amid a wave of consolidation and investment in the global data center sector, driven by the capital-intensive needs of AI and cloud service providers. A sale of BDx would likely attract bids from other infrastructure funds, global data center operators seeking a stronger foothold in Asia, or large pension funds looking for stable, long-term yields from essential digital assets.
Source: datacenterdynamics
