The institutional investors are looking to acquire AirTrunk, which has data centres in Melbourne, Sydney, Hong Kong and Singapore. Goldman Sachs is working on the sale process, for which first-round bids were due by November 23 at the latest.(The Australian)
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The institutional investors are looking to acquire AirTrunk, which has data centres in Melbourne, Sydney, Hong Kong and Singapore. Goldman Sachs is working on the sale process, for which first-round bids were due by November 23 at the latest.(The Australian)
Talking point: AirTrunk serves the Asia-Pacific market, a region on which all three Canadian investors are currently focused. Brookfield has made three purchases there worth over a billion each in just the past year: hospital operator Healthscope, elder-care company Aveo and Vodafone New Zealand. In December 2018, OMERS acquired the Australian real estate developer Investa Office Fund for $3.3 billion. In 2014, OPTrust was part of a group that acquired Australia’s SkyBus. AirTrunk has a dual value for the Canadian investors: it provides reliable income via the subscription fees it charges clients. Second, it offers a direct line to the kinds of high-growth companies in the region that all three investors are increasingly looking to acquire.
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