Stonepeak’s got company in final furlong of Global Switch auction

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Stonepeak’s local dealmakers, led by Darren Keogh, have participated in several auctions for infrastructure and energy assets.

New York’s Stonepeak may have thought it was home and hosed after seeing off Queensland Investment Corporation’s interest for the $2 billion portfolio of local data centres owned operated by global firm Global Switch.

Not the case, as it turns out. The UBS-run sale process, which Global Switch’s Chinese owners had hoped would see a signed deal by June 30, is still on foot and Canada Pension Plan Investment Board is very interested.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.is a co-editor of the Street Talk column.

 

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