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Home»Finance»Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says
Finance

Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says

September 2, 2024No Comments1 Min Read
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Blackstone-led consortium nears $13.5 billion deal to acquire AirTrunk, source says
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By Kane Wu and Gnaneshwar Rajan

(Reuters) -A consortium led by Blackstone is nearing a deal to accumulate Australian information centre group AirTrunk for A$20 billion ($13.53 billion) together with debt, an individual with information of the scenario mentioned on Monday.

Blackstone and its companion, the Canada Pension Plan Funding Board (CPPIB), emerged as the popular purchaser for AirTrunk, after outbidding a rival investor group, the individual mentioned, declining to be named as the data was non-public.

The deal could possibly be introduced within the coming days, the individual mentioned.

Bloomberg first reported the information on Monday, including that AirTrunk house owners Macquarie Group and Canada’s Public Sector Pension Funding Board are negotiating closing particulars of a transaction.

Blackstone, CPPIB, Macquarie and PSP declined to remark.

Reuters reported final week that two bidding teams led by Blackstone and IFM Traders lodged closing provides on Tuesday to purchase AirTrunk.

The IFM-led consortium consists of DigitalBridge, GIP, Mubadala’s MGX and Silver Lake.

Macquarie and PSP personal 88% of the information centre enterprise however haven’t disclosed their particular person stakes.

($1 = 1.4782 Australian {dollars})

(Reporting by Kane Wu in Hong Kong and Gnaneshwar Rajan in Bengaluru; Modifying by Mrigank Dhaniwala & Shri Navaratnam)

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acquire AirTrunk billion Blackstoneled consortium deal nears source
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