Australian Retirement Trust’s deal makers made a killing when AirTrunk sold for $24 billion-plus. Now, they’re keen to see if that playbook can be repeated at Infratil-backed CDC Data Centres, where a circa 12.5 per cent stake is for sale at a $16 billion valuation.
Street Talk understands the $300 billion-plus superannuation fund is in due diligence at CDC, and expects to table an offer by the pre-Christmas deadline for non-binding indicative offers (NBIOs). It has hired Macquarie Capital for the tilt.
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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
