The Firm is representing Blackstone and the buyer consortium formed with the Canada Pension Plan Investment Board in connection with the acquisition of AirTrunk, a leading Asian data center operator, for an implied enterprise value of A$24 billion (US$16.1 billion). This represents Blackstone’s largest ever investment in the Asia Pacific region.
AirTrunk is the largest data center platform in the Asia Pacific region, with a sizeable presence in Australia, Japan, Malaysia, Hong Kong, and Singapore. It has more than 800MW of capacity committed to customers and owns land that can support over 1GW of future growth across the region.
The Simpson Thacher team includes Anthony King, Sam Rudik, Anthony Vernace, Jonathan Hwang, Michael Chao, Benjamin Moh, Erica Egenes, Avi Kaye, Paul Kim, Jack Parsons, Alexa Effron, Gary Tsui, Joshua Schub, Kate Reinertson and Tiffany Shih (M&A/Real Estate); Makiko Harunari, Whitney Salinas, Alvin Kwong, Ari Goldman, Javad Asghari, Tianyu Ma, Anna Gu and Chenyu Cui (Credit/Real Estate Finance); Andrew Blau, Caitlin Lucey and Greg Grogan (Executive Compensation and Employee Benefits); Jon Goldstein, Meredith Jones, Andrew Mandelbaum, Tova Pfeffer and Preston Irace (Tax); Parker Kelsey, Peter Vassilev, Steven Klar, Benjamin Smith, Matt Leighton, Peter Thomas and Rushant Badani (Private Funds); and Benjamin Wells and Alexa Shockley (Registered Funds).