AirTrunk’s $15 billion auction: superannuation funds stalk as NBIOs land

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AirTrunk’s $15 billion auction: superannuation funds stalk as NBIOs land
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CPPIB hired investment bank RBC Capital Markets for help with due diligence and funding ideas in the run-up to the NBIO deadline.

Some of the world’s biggest investors, including Canada Pension Plan Investment Board, Blackstone and an IFM Investor and DigitalBridge partnership, have walked the talk and tabled non-binding indicative offers for AirTrunk, Street Talk has confirmed.

Sell-side advisers Macquarie Capital and Goldman Sachs collected first-round bids over the weekend for the owners of the data centre giant, Macquarie Asset Management and Canada’s PSP Investments, which hold a combined 88 per cent stake in the company.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.

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