Trends
AirTrunk acquired by Blackstone in $24B deal
Blackstone confirmed to Forbes Australia that it reached a deal today to acquire Australian unicorn AirTrunk.
Headline
Blackstone confirmed to Forbes Australia that it reached a deal today to acquire Australian unicorn AirTrunk.
Context
OUR TAKE The conclusion of this transaction shows that Blackstone and CPPIB are optimistic about the long-term growth potential of the data center industry. Data centers are key assets that support cloud computing, online services, big data analytics, and Internet infrastructure, and as digital transformation and data demands continue to grow, so does the demand for data center services. — Iydia Ding, BTW reporter Blackstone confirmed to Forbes Australia that it reached a deal today to acquire Australian unicorn AirTrunk . The Canada Pension Plan Investment Board is also involved in the deal. AirTrunk is the leading data center platform in the Asia-Pacific region – founded by Australian Robin Khuda and now part of Blackstone.
Evidence
Pending intelligence enrichment.
Analysis
“Digital infrastructure is experiencing unprecedented demand, driven by the AI revolution as well as the digitization of the wider economy,” Sean Klimczak, Blackstone’s global head of Blackstone Infrastructure, and Nadeem Meghji, global co-head of Blackstone Real Estate, said in a joint statement. The deal, which Blackstone confirmed values AirTrunk at $24 billion, is the New York-based investment firm’s largest investment in the Asia-Pacific region. However, this is not the first high-profile investment the company has made in Australia. Blackstone acquired Crown Resorts in 2022 for $8.9 billion. Also read: AirTrunk affirms sustainability commitment on Environment Day Also read: AI innovations set to revolutionise Paris Olympic Games
Key Points
- Blackstone confirms to Forbes Australia it sealed a deal today to acquire Australian unicorn AirTrunk.
Actions
Pending intelligence enrichment.
