King & Wood Mallesons (KWM) is proud to have worked with the world’s largest alternative asset manager, Blackstone, on its acquisition of leading data centre provider, AirTrunk.
The transaction is the second largest private capital M&A deal in Australian history.
The KWM team worked closely with Blackstone APAC and global legal teams and was led by Alex Elser and Gareth Howe (M&A), Yuen-Yee Cho and Dan Flanagan (Finance) and Tim Sherman and Victoria Lanyon (tax).
They were supported by a deep bench of experts across all of the transaction aspects including partners - Mandy Tsang (insurance), David Eliakim (M&A), Francesca Giorlando and Felicity Savage (real property), Vishal Ahuja (power), Angela Weber (employment), Malcolm Brennan (foreign investment) and their respective teams.
Commenting on the deal, Alex Elser said:
“It has been a privilege to be able to work with the Blackstone team and help them leverage their global platform and expertise to ultimately achieve success in such a highly competitive sale process and one of the highest conviction sectors right now.”
Yuen-Yee Cho added:
“Data Centres are one of the most interesting and dynamic sectors in the market and Blackstone’s success shows their conviction in the sector. It was fantastic to support the Blackstone team and also to see the level of bank support to finance the transaction. Congratulations to all parties involved!”
