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Macquarie eyes monster pay day from AirTrunk deal

Australia’s millionaire’s factory is on the cusp of a big home run. To get there, it needs another heavyweight to make a big bet on the future of AI.

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Macquarie is staring at one of its biggest ever home runs in Australia.

Its asset management arm backed AirTrunk, a data centre developer and owner, at a $3 billion valuation less than four years ago. Since then, it has grown rapidly, opening new data centres, extending existing ones and buying land to build more.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/tackling-airtrunk-this-year-s-15b-monster-deal-20240131-p5f1cv