Silver Lake to Be a part of IFM-Backed Group in AirTrunk Bidding

(Bloomberg) — Silver Lake Administration is becoming a member of a consortium backed by IFM Traders and DigitalBridge Group within the bidding for Australian information heart operator Airtrunk, in keeping with folks with information of the matter. 

World Infrastructure Companions can also be a part of the IFM-backed group, stated the folks, who requested to not be recognized. AirTrunk’s homeowners, which embrace Macquarie Group’s asset administration arm and PSP Investments, may search a valuation of about A$20 billion ($13 billion) within the potential sale, one of many folks stated.

Deliberations are ongoing and no last selections have been made, the folks stated. Representatives for GIP, DigitalBridge, and Silver Lake declined to remark. Spokespeople for IFM and Macquarie didn’t instantly reply to requests for remark. A consultant for AirTrunk additionally didn’t instantly reply outdoors common enterprise hours in Australia. 

The AirTrunk sale is about to be considered one of Asia-Pacific’s greatest digital infrastructure offers this yr. Blackstone had additionally proven curiosity within the asset, folks accustomed to the matter stated final month.

AirTrunk runs information facilities in Australia, Singapore, Hong Kong, Japan and Malaysia, its web site exhibitsThe corporate opened its new world headquarters in Sydney in February. A bunch led by Macquarie took management of the corporate in 2020 in a deal that valued it at about A$3 billion, Bloomberg Information reported on the time. 

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