Macquarie Takes Aim at T5

July 3rd, 2018 by · Leave a Comment

According to a piece over on Bloomberg, a substantial chunk of data center infrastructure may be about to change hands. The Australian private equity group Macquarie Group is said to be closing in on a majority stake in T5 Data Centers.

T5 operates facilities in Georgia, Colorado, Texas, Illinois, New York City, Charlotte, Los Angeles and Portland. They've developed most of those themselves, and so far this year has announced plans to expand into Ireland and add a second facility in Atlanta. The Macquarie deal, should it happen, would supposedly value the company at around $800M.

Macquarie would be buying that stake from billionaire Robert Bass's Iron Point Partners LLC. The company has been looking for US infrastructure to invest in, and data centers are a popular target for many funds these days given their stable, long-term economics.

Categories: Datacenter · Mergers and Acquisitions

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