The year’s hottest auction is finally over. AirTrunk’s owners have anointed the $US1 trillion-plus private capital juggernaut Blackstone as the winning bidder.
After consuming the lives of countless lawyers, bankers, tax accountants and even regulators for nearly 12 months, Street Talk can reveal AirTrunk founder Robin Khuda, Macquarie Asset Management and PSP Investments signed the final deal documents with Blackstone’s dealmakers at law firm Baker McKenzie’s offices in Sydney’s Barangaroo. Of note, the winner had not been picked until early Tuesday afternoon.
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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
