Blackstone’s real estate division blew its competition out of the water last month to acquire AirTrunk in a deal that valued the data centre giant at $24 billion-plus, finalising the largest M&A deal this year. Now, it’s the buyout team’s time to shine.
Street Talk can reveal Blackstone’s local dealmakers – led by Michael Blickstead – submitted a non-binding indicative offer last week for Singapore Post’s (SingPost) Australian assets, which are said to be making $100 million at the earnings line.
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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
