Original article by Paul Smith, Anthony Macdonald
The Australian Financial Review – Page: 1 & 20 : 4-Sep-24

US-based asset manager Blackstone has secured a deal to buy Australian data centre company AirTrunk. The deal values AirTrunk at about $23.5bn, eclipsing the previous record price of $US15bn ($22bn) for a data centre company. Sources have indicated that AirTrunk founder Robin Khuda will sell half of his 10 per cent stake to Blackstone for about $500m, while he will remain CEO of the company. Macquarie Group’s infrastructure arm and Canada-based PSP Investments will in turn sell their entire stakes in AirTrunk to Blackstone. AirTrunk owns 11 data centres in Australia, Singapore, Hong Kong, and Malaysia.

CORPORATES
AIRTRUNK, THE BLACKSTONE GROUP LP, MACQUARIE GROUP LIMITED – ASX MQG, PSP INVESTMENTS