AirTrunk today announced the completion of a significant capital raising to fund the construction of its flagship data centre projects in Sydney and Melbourne, Australia.
AirTrunk develops and operates hyper-scale data centres and aims to lead the Asia Pacific market with proven reliability, technology innovation and energy efficiency. Its unique capabilities, designs and construction methodologies allow AirTrunk to provide its customers with a scalable and sustainable data centre solution at a significantly lower operating cost than its competitors.
AirTrunk’s facilities in Sydney and Melbourne are targeted to be operational in the third quarter of 2017 and will initially support more than 20 MW of IT load. Both data centres are capable of offering significant scale (Sydney 70MW of IT load and Melbourne 50MW of IT load) once fully completed, making them among the largest data centres in the Asia-Pacific region.
AirTrunk has secured its dedicated electricity infrastructure (132KV dual feed power supply in Sydney and 66KV dual feed in Melbourne) that will provide significant resiliency, scalability and lower electricity costs for its customers.
Goldman Sachs and TSSP are providing the majority of the new capital and are joining Founder and CEO Robin Khuda as major shareholders in AirTrunk. A senior debt facility has been committed by co-debt advisors ING Bank and Natixis.
Robin Khuda said “I’m delighted to have completed this capital raising that will lay a solid platform in fulfilling our ambition in becoming the Asia-Pacific region’s leading data centre platform supporting large-scale enterprise and technology companies.
We had a strong level of interest in our fundraising process globally, but Goldman Sachs and TSSP stood out for their level of support, industry knowledge and commitment to the AirTrunk business over the long-term. I am confident that the combination of the management team at AirTrunk and the investment and support of Goldman Sachs and TSSP, will enable AirTrunk to execute its vision that will support cloud, content and large enterprise customers across the Asia-Pacific region”.
J.P. Morgan and Norton Rose Fulbright advised AirTrunk on the capital raising.