QSuper and AustralianSuper Part of Investor Group for Taking Sydney Airport Holdings Private

Posted on 11/08/2021

After much back and forth, Sydney Airport Holdings Ltd agreed to accept a A$ 23.6 billion takeover bid from an infrastructure investor group in one of Australia’s biggest buyouts. The Sydney Aviation Alliance Pty Ltd (SAA) is the investor group buying Sydney Airport Holdings and is composed of Australian investors IFM Investors (via its IFM Global Infrastructure Fund), QSuper, AustralianSuper, and U.S.-based Global Infrastructure Partners. Sydney Airport Holdings is Australia’s largest and only listed airport operator. The deal is conditional on an independent expert’s report and approval from 75% of the airport operator’s shareholders.

The sellers include Sydney Airport Securityholders and UniSuper plans to transfer its existing interest of 15.01% in Sydney Airport for an equivalent interest in the holding structure of the Consortium (acquiring an interest in Sydney Aviation Alliance Holdings Pty Ltd (“SAA Holdings”), an upstream holding entity of SAA).

Keywords: Global Infrastructure Partners IV-A/B, L.P., Global Infrastructure Partners IV-C Intermediate, L.P., Global Infrastructure Partners IV-C2 Intermediate, L.P., and GIP IV Friends and Family Fund, L.P., GIM Advisory Services, LLC.

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