(Bloomberg) –Blackstone has agreed to accumulate Australian data-center operator AirTrunk in a deal valuing the agency at A$24 billion ($16.1 billion), together with debt and capital expenditure for dedicated tasks.
The New York-based different asset supervisor, together with Canada Pension Plan Funding Board, is shopping for AirTrunk from Macquarie Group and PSP Investments, based on an announcement Wednesday.
The transaction is pending regulatory approval by the Australian International Funding Evaluate Board.
The acquisition is Blackstone’s biggest-ever funding within the Asia-Pacific area, outweighing its A$8.9 billion takeover of Australian on line casino operator Crown Resorts in 2022. It’s additionally one of many largest digital infrastructure offers globally this 12 months.
“AirTrunk is one other important step as Blackstone seeks to be the main digital infrastructure investor on the earth,” Blackstone president and chief working officer Jon Grey mentioned within the assertion.
Belongings akin to knowledge facilities, cell phone towers, and fiber networks have develop into standard targets for buyers, given their secure returns and robust progress prospects as humanity turns into more and more reliant upon expertise.
Bloomberg Information reported Monday that Blackstone was nearing a deal to purchase AirTrunk for greater than A$20 billion.
The agency, which has been in debt-financing talks with banks, emerged as the customer after competing with a consortium that included DigitalBridge Group, World Infrastructure Companions, IFM Buyers, and Silver Lake Administration, based on individuals aware of the matter.
AirTrunk operates knowledge facilities in Australia, Singapore, Hong Kong, Japan and Malaysia, based on its web site.
A gaggle led by Macquarie’s infrastructure arm took management of the corporate in 2020 in a deal that valued it at about A$3 billion, Bloomberg reported on the time. Previous to that, it was owned by buyers together with Goldman Sachs Group Inc.’s particular conditions division.
