It wasn’t just Macquarie who made a motza. So too did the company’s founder and chief executive, Robin Khuda, who walked away with about $500 million in cash and kept a stake valued at about the same.
That deal closes by the end of this month after Blackstone was given regulatory approval to buy up the data centre giant. And it looks like the largesse will go a bit further.
Street Talk has been told AirTrunk has given some 330 employees bonuses that total $22 million in addition to the profit-sharing agreement that it has with 120 of its most senior staff.
That is roughly $65,000 per employee – those who joined before Blackstone was successful in its bid to acquire the fast-growing business.
Read the full story tomorrow and more on the Street Talk page.
From the column
Crescent Capital mulls exit for Green Leaves Early Learning
APRA winds down $43 billion bank hybrid market, angering investors
The chart
Street Talk can reveal Estia Health, the Bain Capital-owned industry giant, has brought in Japanese bank Nomura to secure $300 million in new mezzanine financing, which is expected to be used to build out its portfolio.
Best and worst
The Australian sharemarket recovered some of its earlier losses on Monday and rallied into the close despite a sharp sell-off in energy stocks and Platinum Asset Management.
