The financial services firm signed the deal this week, according to people with knowledge of the situation. Investors including Goldman Sachs and TPG Sixth Street Partners currently own the firm. (Bloomberg)

Talking point: Canadian investors OMERS, Brookfield and OPTrust had been competing to purchase the firm. AirTrunk’s focus is the Asia-Pacific market: it has data centres in Singapore, Melbourne and Sydney, and is also working on one in Hong Kong. That region is one in which those three firms, as well as a number of other major Canadian institutional investors, including the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan, are looking to deepen their presence. Data centres and other parts of telecommunications infrastructure have recently drawn fierce competition from investors, including from Macquarie; last year, a fund managed by the firm purchased Netrality Data Centres, which operates in the U.S.