The investment firms could acquire the company for A$20 billion (about C$18 billion), the Financial Times reported, marking one of the largest acquisitions ever of an Australian company. AirTrunk is currently majority-owned by Australian investment banking firm Macquarie Group and Canada’s Public Sector Pension Investment Board. (Financial Times, Australian Business Review)
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The investment firms could acquire the company for A$20 billion (about C$18 billion), the Financial Times reported, marking one of the largest acquisitions ever of an Australian company. AirTrunk is currently majority-owned by Australian investment banking firm Macquarie Group and Canada’s Public Sector Pension Investment Board. (Financial Times, Australian Business Review)
Talking point: The deal is a vote of confidence from Blackstone and CPP Investments in cloud computing and artificial intelligence—sectors in which both have recently signalled interest. Blackstone owns a US$55-billion portfolio of data centres with plans to invest billions more on similar developments. CPP Investments’ CEO John Graham told The Logic in March the pension fund manager is keen to invest in the digital-infrastructure needs of the AI boom, including data centres and additional energy.
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