Sep 7, 2026 – 3.06pmA well-credentialed bidder has swerved the first round of this year’s biggest auction, the $28 billion-plus sale of Stack Infrastructure’s data centres in the Asia Pacific region.Macquarie Asset Management did not submit an indicative offer for the Stack portfolio, multiple sources told Street Talk on the condition of anonymity. That’s despite it hiring two investment banks, UBS and Goldman Sachs, for advice on funding and diligence.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.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Macquarie passes on Stack Infra’s $28b-plus data centres as bids land
With MAM abandoning a standalone bid, NYSE-listed private credit player Blue Owl Capital will have its hopes pinned on the auction’s other key contender.
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