Swiss private equity giant Partners Group is paying $1.2 billion to acquire GreenSquare DC, the latest Australian data centre operator to attract a massive price tag from deep-pocketed international investors.
The company was founded in 2020 and, like AirTrunk, which was acquired for $24 billion by Blackstone last year, is targeting demand from large cloud computing and artificial intelligence companies for data centre space.
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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com
