Macquarie Group has agreed to acquire a majority stake in AirTrunk in a deal that values the company at about $3 billion.
Macquarie Infrastructure & Real Assets has signed a deal buy AirTrunk‘s majority stake, which is currently owned by investors including Goldman Sachs Group and TPG Sixth Street Partners. After the transaction, AirTrunk CEO Robin Khuda will keep a minority stake.
New projects
AirTrunk is currently operating data centers in Sydney, Melbourne, and Singapore and has announced its plans to open a facility in Hong Kong in 2020. The company is also currently expanding its Sydney campus for $680m and a 60 MW facility in Singapore for $332m. AirTrunk shares were put up for auction in late 2019. Macquarie representatives declined to comment about the acquisition.
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