New York’s Stonepeak may have thought it was home and hosed after seeing off Queensland Investment Corporation’s interest for the $2 billion portfolio of local data centres owned operated by global firm Global Switch.
Not the case, as it turns out. The UBS-run sale process, which Global Switch’s Chinese owners had hoped would see a signed deal by June 30, is still on foot and Canada Pension Plan Investment Board is very interested.
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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
