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Canberra Data Centres in partner search with $16b enterprise valuation

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Just weeks after the $24 billion sale of AirTrunk to Blackstone, another Australian data centre giant backed by serious institutional money is set to test the market for its own blockbuster capital raise.

Canberra Data Centres, backed by the Future Fund, dual-listed renewables investor Infratil, and the Commonwealth Superannuation Corporation has had Barrenjoey Capital Partners tick off every last requirement for drafting in a new capital partner before an auction is formally launched, Street Talk can reveal.

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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
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

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Original URL: https://www.afr.com/street-talk/canberra-data-centres-fires-up-equity-partner-search-with-12b-valuation-20240910-p5k9c5