Blackstone and CPP Investments agree A$24bn AirTrunk acquisition

The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.

Blackstone Real Estate Partners, Blackstone Infrastructure Partners, Blackstone Tactical Opportunities, and Blackstone’s private equity strategy for individual investors, along with the Canada Pension Plan Investment Board CPP Investments, have agreed to acquire 100% of AirTrunk, an Asia Pacific Apac data center firm, in a deal worth around A$24 billion $16 billion.

The amount includes debt and capital expenditure for committed projects. 

The sellers are Macquarie Asset Management MAM, Canada's Public Sector Pension Investment Board PSP Investments and other investors. A MAM consortium bought a 88% stake in AirTrunk in April 2020 for a valuation of around A$3 billion. 

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