It’s battle stations at this year’s biggest deal (so far). Street Talk understands parties are busy locking down financial advisers as non-disclosure agreements for AirTrunk’s mooted $15 billion sale process are inked.
Sources said DigitalBridge Group and Australian infrastructure manager IFM, who worked together to privatise US data centre operator Switch, are in the process of engaging Barrenjoey Capital Partners. Meanwhile, eager-beaver Blackstone has Deutsche Bank and Morgan Stanley in its corner.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
