Blackstone acquired AirTrunk for Implied enterprise value over A$24 billion (majority interest; consortium with CPP Investments), a transaction announced in September 2024, structured as Consortium (Blackstone with CPP Investments); majority interest, subject to FIRB approval.
AirTrunk operates in Data centers / digital infrastructure, is based in Asia Pacific (Australia, Japan, Malaysia, Hong Kong and Singapore).
AirTrunk is the largest Asia Pacific data-center platform, with more than 800MW committed to customers and land supporting over 1GW of future capacity; the deal capitalized on surging AI- and cloud-driven demand for digital infrastructure and extended Blackstone's position as a leading global data-center investor.
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.Jon Gray, President and COO, Blackstone
Advisory firms were not disclosed for this transaction.