Street Talk

Blackstone puts tentacles out for data centre giant AirTrunk

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 15, 2024 – 5.03pm

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It is no secret Blackstone likes data centres. The world’s largest private equity firm spent $US10 billion ($15.4 billion) on the takeover of data centre operator QTS in 2021 and in December inked a $US7 billion joint venture with specialist Digital Realty to develop four hyperscale data centre campuses in Frankfurt, Paris and Northern Virginia.

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

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

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