TPG and Goldman Sachs Lead Round for AirTrunk (Asia)
Posted On: 14 Feb 2017 | Source: Asian Venture Capital Journal | Author(s): Tim Burroughs
Global private investment firm TPG and Goldman Sachs have led an AUD400 million (approximately US$306 million) funding round for Singapore-based data center provider AirTrunk. Approximately 60 percent of the investment is equity and the rest is debt. Netherlands-based ING Bank and France-based bank Natixis provided a senior debt facility. TPG invested through TSSP, its dedicated credit and special situations platform. AirTrunk is currently developing facilities in Sydney and Melbourne, which are expected to go online in the third quarter of 2017, and has plans to expand across the rest of the Asia Pacific region over the next three years.