Chindata the Next Chinese ADR Privatisation Target?

Bloomberg claimed that Chindata is attracting takeover interest from GDS, PAG and EdgeConneX. A forward EV/EBITDA multiple of 8.9x, in line with VNET’s takeout multiple, would imply $6.85 per ADS.

  • A Bloomberg article claimed that Chindata Group (CD US) is attracting takeover interest from GDS Holdings (ADR) (GDS US), PAG and EdgeConneX. Shares rose 9.8% to close at $4.81.
  • Potential privatisation will require the blessing of Bain Capital, the largest shareholder. Chindata’s track record of beating guidance, modest leverage and the beaten-down rating make it a target. 
  • A forward EV/EBITDA multiple of 8.9x, in line with 21Vianet Group (VNET US)’s proposed acquisition multiple, would imply $6.85 per ADS. 

By Arun George - https://www.smartkarma.com/profiles/arun-george?utm_source=tiger_community

On Chindata Group (CD US) - https://www.smartkarma.com/entities/chindata-group-holdings-adr?utm_source=tiger_community

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  • Dragonroar
    ·2022-04-25
    something is new
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  • DZL
    ·2022-04-25
    Chindata Group, a target
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  • daz888888888
    ·2022-04-25
    Warm up nice and snug Smartkarma
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  • TangoLem9
    ·2022-04-25
    Good writing!!!
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  • 步步惊心动魄
    ·2022-04-26
    Ok
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  • Dalang
    ·2022-04-26
    nice
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  • Happy_Me
    ·2022-04-25
    👍
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  • RChia
    ·2022-04-26
    like
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  • ahxing
    ·2022-04-26
    Oo
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  • Hajin
    ·2022-04-25
    5
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  • dlhz
    ·2022-04-26
    Ok
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  • FSYE
    ·2022-04-26
    k
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  • owz
    ·2022-04-26
    👍
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  • lynnnn
    ·2022-04-25
    [Surprised]
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  • Leont
    ·2022-04-26
    Hi
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  • BryanChook
    ·2022-04-26
    Good
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  • coldeye
    ·2022-04-25
    ok
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  • HawTK
    ·2022-04-25
    Good
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  • Hksg
    ·2022-04-25
    good
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  • Olympous
    ·2022-04-25
    ok
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