I Squared Said to Weigh Sale of $2 Billion Data Center Firm BDx

I Squared Capital is considering options for its Asian data center business BDx, including a sale, people familiar with the matter said, signaling another potential deal in an industry riding the artificial intelligence boom.

The global infrastructure investor is holding initial discussions with prospective advisers to evaluate a disposal, the people said, asking not to be identified because the deliberations are private. I Squared may seek a valuation of about $2 billion for BDx, the people said.

Other infrastructure-focused funds and industry players have expressed interest in acquiring the company, the people said. Considerations are preliminary and I Squared ...