A consortium of investors led and managed by Blackstone, along with the Canada Pension Plan Investment Board (CPP Investments), have agreed to acquire Macquarie Asset Management and the Public Sector Pension Investment Board’s (PSP Investments) entire 88 percent stake in AirTrunk, a data center platform in Asia Pacific.
The transaction represents an implied enterprise value of more than A$24 billion ($16 billion), including capital expenditure for committed projects, and marks Blackstone’s largest investment in the Asia Pacific region.
AirTrunk is the largest data center platform in Asia Pacific, with a sizable presence in Australia, Japan, Malaysia, Hong Kong and Singapore. It has more than 800 megawatts of capacity committed to customers and owns land that can support more than 1 gigawatt of future growth across the region.
“This transaction evidences the strength of the AirTrunk platform in a strong performing sector as we capture the next wave of growt