Street Talk
Abu Dhabi fund flies into IFM consortium at AirTrunk’s $20b sale
Abu Dhabi’s $US100 billion ($153.5 billion) AI investment firm MGX has joined the IFM-DigitalBridge-GIP consortium at AirTrunk’s $20 billion-plus sale, Street Talk can reveal.
It is understood MGX, set up by UAE president Sheikh Mohamed bin Zayed Al Nahyan and backed by sovereign wealth fund Mubadala and AI company G42, has quietly progressed through the auction alongside the IFM and DigitalBridge pairing, which last week lured rival bidder Global Infrastructure Partners to its swelling consortium.
Sarah Thompson 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. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more