Blackstone acquires AirTrunk for AU$24bn

 Blackstone has acquired APAC data center firm AirTrunk from Macquarie Asset Management and the Public Sector Pension Investment Board. for US$16.1 billion, making it the largest-ever deal in the space. This deal was secured with funds from Blackstone along with the Canada Pension Plan Investment Board (CPP).
 

Jon Gray, president and COO of Blackstone, said: “This is Blackstone at its best – leveraging our global platform to capitalize on our highest conviction theme. AirTrunk is another vital step as Blackstone seeks to be the leading digital infrastructure investor in the world across the ecosystem, including data centers, power, and related services.”

Robin Khuda, founder and CEO of AirTrunk, said: “This transaction evidences the strength of the AirTrunk platform in a strong-performing sector as we capture the next wave of growth from cloud services and AI and support the energy transition in Asia Pacific. We look forward to working with Blackstone and CPP Investments and benefitting from their scale capital, sector expertise, and valuable network across the various local markets, which will help support the continued expansion of AirTrunk.”