Inside Project Amidala: AirTrunk’s $24b deal
Four years ago, Blackstone missed its chance to buy up the data centre giant. It wasn’t about to make the same mistake twice, even if it cost $24 billion.
When AirTrunk was up for sale in 2020, then major shareholders Goldman Sachs and Sixth Street invited 10 potential buyers to make a bid. Nine did.
The tenth, American private equity and real estate giant Blackstone, was curious but couldn’t quite work AirTrunk out. Where did it fit in? Was it real estate, infrastructure, private equity, special situations, venture capital, or a unique mix of the lot?
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