Blackstone-led Consortium to Acquire AirTrunk for A$24 Billion

Blackstone-Led Investor Group Makes Minority Investment in Aeroplan

August 11, 2026

Financial Services

An investor group led by Blackstone and La Caisse, with PSP Investments and British Columbia Investment Management Corporation, invested C$2.5 billion for a 25% non-controlling interest in Aeroplan, valuing the loyalty program at C$10 billion. Air Canada retained 75% ownership and operational control; the investment closed on August 17, 2026, with proceeds intended primarily to repay debt and support Air Canada's capital-management plans.

Macquarie Asset Management-Led Consortium to Acquire Qube Holdings in A$11.7B Deal

February 17, 2026

Logistics & Distribution

Qube Holdings Limited has entered into a binding Scheme Implementation Deed with a consortium led by Macquarie Asset Management to acquire 100% of Qube’s shares via a scheme of arrangement valued at approximately A$11.7 billion. Under the terms, Qube shareholders (other than UniSuper) will receive A$5.20 in cash per share, while UniSuper’s 15.07% stake will be transferred into an equivalent holding structure within the consortium.

Blackstone Real Estate Partners X Takes AIR Communities Private in ~$10 Billion Deal

June 28, 2024

Real Estate

Blackstone Real Estate Partners X agreed to acquire all outstanding common shares of Apartment Income REIT Corp. (AIR Communities) for $39.12 per share in an all-cash transaction valued at about $10 billion, including the assumption of debt. Blackstone planned to invest over $400 million to maintain and improve AIR’s rental housing communities, and the deal was expected to close in Q3 2024. The follow-on update states Blackstone has completed the privatization.

Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

June 7, 2021

Infrastructure

QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.

Macquarie-led Consortium Acquires 88% Stake in AirTrunk

April 8, 2020

Infrastructure

A consortium led by Macquarie Asia Infrastructure Fund 2 (MAIF2), managed by Macquarie Infrastructure and Real Assets (MIRA), has closed financial close to acquire an 88% stake in AirTrunk, valuing the company at more than A$3 billion. The stake was purchased from Goldman Sachs, Sixth Street Partners and founder Robin Khuda, who will retain a material stake and remain CEO; the investment will accelerate AirTrunk's planned expansion across the Asia-Pacific.

Sunsuper Takes 25% Stake in Macquarie AirFinance

December 19, 2019

Financial Services

Sunsuper agreed to acquire a 25% interest in Macquarie Group's aircraft leasing business, Macquarie AirFinance. The deal follows a prior 25% investment by Dutch pension fund PGGM; Macquarie will continue to support and manage Macquarie AirFinance as its exclusive platform for aviation leasing.