The last domino is falling. Global buyout firms are completing their retreat from China’s data center sector, with Princeton Digital Group preparing to sell its Chinese assets in a deal valued at up to $1B.
The transaction, reported by the Financial Times, effectively closes out a chapter that began in 2017 when firms like Warburg Pincus, Bain, and Carlyle started pouring capital into China’s booming digital infrastructure.
The deal and the players behind it
Princeton Digital Group, backed by Warburg Pincus, operates data centers across six Chinese cities. The company built out significant capacity during a period when demand for cloud computing and enterprise data storage was surging in the region.
PDG isn’t the only asset heading for the exit. Bain Capital has separately been seeking to sell a stake in Bridge Data Centres, with that deal reportedly valuing the company at $5B as of late April 2026.
