Macquarie Infrastructure and Real Assets is close to acquiring hyperscale data centre operator AirTrunk for around AUD 3bn (USD 2.1bn), said two sources familiar with the matter.
The infrastructure fund manager will buy out around 75% of the shares held by Goldman Sachs Special Situations and TPG Sixth Street Partners, one of the sources said, adding that founder Robin Khuda, will retain his roughly 20% shareholding in the business.
MIRA, advised by Macquarie Capital, and OMERS, advised by UBS, lodged final bids for AirTrunk on 30 December. MIRA then entered into advanced discussions with the vendor but the source added a formal deal has not yet been signed.
MIRA is in talks with co-investors to sell down some of the equity in the data centres, should a deal go ahead, said the above source.
Spokespeople for Macquarie, Goldman Sachs, TPG Sixth Street Partners and Robin Khuda declined to comment.
AirTrunk is an Australia-based builder and operator of data centres aimed at hyperscale clients including tech giants Amazon, Google, Facebook and Microsoft. It has ambitions to grow in Asia, and is building a 60MW facility in Singapore and a 20MW data centre in Hong Kong. It currently operates one data centre in Sydney and one in Melbourne and has plans to expand both.
In November, the company announced plans to develop a 100MW data centre in Sydney’s north.
The auction, which also attracted interest from EQT Infrastructure, Stonepeak, Partners Group and CDPQ who were shortlisted in November.