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A consortium led by Blackstone (NYSE:BX) said it will acquire Australia-based data center group AirTrunk in a deal worth over A$24 billion.
The confirmation comes a couple of days after, it was reported that Blackstone (BX) and its partner, the Canada Pension Plan Investment Board, were nearing the deal.
The consortium will acquire the company from Macquarie Asset Management and the Public Sector Pension Investment Board.
Macquarie Asia Infrastructure Fund 2 and PSP Investments had together, as part of a consortium, acquired a majority stake in AirTrunk in 2020.
The deal will be Blackstone’s (BX) largest investment in the Asia Pacific region.
“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,” said COO, Jon Gray.
Shares in BX were down 0.1% in premarket trade.
