NRF fields Aussie team for pioneering APAC start-up capital raising

An Australian team from Norton Rose Fulbright has acted for Singapore-headquartered AirTrunk on its capital raising, which financial adviser JPMorgan is billing as the single largest pre-revenue capital raising in the Asia Pacific.

Proceeds of the $400m raising will be used by the data centre developer and operator to finance its flagship Sydney and Melbourne data centres. The data centres are expected to initially offer 20 MW of IT load once put online by the 3Q17 target, with capacity reaching a maximum of 120 MW later, making these among the largest data centres across the Asia Pacific.

Corporate partner Shane Bilardi led the NRF team, which came from the firm’s Melbourne, Sydney, and Perth offices.