Infratil-backed CDC Data Centres, where a circa 12.5 per cent stake is for sale at a $16 billion valuation, has attracted a trio of heavyweight bidders, Street Talk can reveal.
Alongside Australian Retirement Trust’s Macquarie-advised deal makers – who made a killing when sector gorilla AirTrunk sold for $24 billion-plus in September – banking sources said Australia’s industry fund manager IFM Investors and Canadian pension giant Caisse de dépôt et placement du Québec were preparing to lob first-round offers by this week’s deadline.
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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
