Blackstone nears $20b buyout of AirTrunk: Bloomberg
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The news: Alternative asset manager Blackstone is closing in on a $20 billion deal to acquire data centre operator AirTrunk, according to Bloomberg.
The context: Blackstone has outbid other rivals and is negotiating with AirTrunk owners Macquarie Group and Public Sector Pension Investment Board (PSP Investments) on final details, Bloomberg reported, citing people familiar with the matter.
Blackstone had been competing with a consortium that included IFM, DigitalBridge, Global Infrastructure Partners and Silver Lake Management.
In 2020, a consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), including PSP Investments, acquired a major stake in the business valued at about $3 billion. AirTrunk’s founder and CEO Robin Khuda is also an investor.
The source: Bloomberg
