Australian Retirement Trust’s dealmakers made a killing when AirTrunk sold for $24 billion-plus. Now, they’re keen to see if that playbook can be repeated at Infratil-backed CDC Data Centres, where a circa 12.5 per cent stake is for sale at a $16 billion valuation.
Street Talk understands the $300 billion-plus superannuation fund is in due diligence at CDC, and expects to table an offer by the pre-Christmas deadline for non-binding indicative offers. It has hired Macquarie Capital for the tilt.
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