Street Talk

GIP in talks to join rival bidder consortium at AirTrunk’s $20b sale

Sarah Thompson, Kanika Sood and Emma Rapaport

Jul 28, 2024 – 4.03pm

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Global Infrastructure Partners is considering abandoning its sole bid for $20 billion data centre giant AirTrunk, as it considers if it is better off joining forces with a rival consortium spearheaded by IFM Investors and NYSE-listed DigitalBridge.

AirTrunk, founded by Robin Khuda, has gone from zero to $20 billion in less than a decade. Louie Douvis

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