What To Know
- This deal spearheaded by the Blackstone, an American based patron of alternative investment and Canada Pension Plan Investment Board (CPP Investments), is the largest buyout deal in Australia this year as well as one of the biggest in recent past.
- Funny enough this man Khuda could have been born in Bangladesh then moved to Australia at the age of 18 and now he is making great strides in the technology world.
- Khuda gained formal education in accounting from the University of Technology Sydney and in addition, he pursued finance and business courses for him to invest in AirTrunk which is now a global company after he compounded his retirement savings.
AirTrunk, the largest data center firm which was established by Bangladeshi-Australian – Robin Khuda (born: 1980) has been sold in what can be regarded as the biggest deal of USD 16. 1 billion (AUD 23 billion). This deal spearheaded by the Blackstone, an American based patron of alternative investment and Canada Pension Plan Investment Board (CPP Investments), is the largest buyout deal in Australia this year as well as one of the biggest in recent past.
Khuda was born in Bangladesh and later moved into Sydney.
The latest deal will involve Blackstone and CPP Investments buyout of AirTrunk from both Macquarie Asset Management (MAM) and PSP. This acquisition also lays testament to Blackstone’s large bet on the Asia Pacific market while also celebrating SA Australian founders in the tech domain.
Established in 2015 by Khuda in Sydney, AirTrunk has expanded to become the largest data center group in Asia Pacific region, today it manages eleven facilities across Australia, Japan, Malaysia, Hong Kong and Singapore. It was founded when Macquarie Group Limited lifted the company to fame when its infrastructure wing acquired a majority 88 percent stake in AirTrunk in early 2020 at $3 billion.
Funny enough this man Khuda could have been born in Bangladesh then moved to Australia at the age of 18 and now he is making great strides in the technology world. Khuda gained formal education in accounting from the University of Technology Sydney and in addition, he pursued finance and business courses for him to invest in AirTrunk which is now a global company after he compounded his retirement savings.
The agreement is another milestone in the development of Khuda and the overall technological field, which proves that technology newsmen from various backgrounds are becoming leaders of change in the technological world.
Related news:
Google Implements AI-Generated Answers in Search Results, Marking Major Update
Hollywood’s Take On AI: Either AI Will Serve the Creative Class, or It Will Serve AI
OpenAI and Google DeepMind Workers Warn of AI Industry Risks in Open Letter
Meta’s Use of Social Media Data for AI Sparks Concern Among Users
