General Market Flashcards
Who acquired Queensland Motorways?
The consortium, comprising Transurban (62.5%), superannuation fund conglomerate AustralianSuper Pty Ltd (25%) and Tawreed Investments Ltd (12.5%), a wholly owned subsidiary of the Abu Dhabi Investment Authority, is acquiring Queensland Motorways for A$6.67bn (US$6.2bn
Who underwrote QML?
The four aussie majors?
What happened to Cross City Tunnel?
Owned by RBS, EISER Infrastructure Partners and Leighton Contractors.
Toll road operator Transurban Group has agreed to acquire all of RBS’s debt in Sydney’s troubled Cross City Tunnel, a move which will put the company in pole position when the project is put up for sale.
Who is in a takeover tussle over Envestra?
Cheung Kong Group and APA (both are two major investors in Envestra)
Who is Westbourne Capital?
Melbourne-based fund manager Westbourne Capital has signed an agreement with a unit of Japan’s Mitsui & Co Ltd to establish an US$300m infrastructure debt fund to attract Japanese institutional investors seeking to diversify their credit portfolios.
Westbourne, set up in 2008 by former Hastings Funds Management executives including Ridley, is focused solely in the global infrastructure debt space. The fund manager currently has invested over A$2.1bn (US$1.9bn) of funds under management across 30 investments globally. Currently around 25% of its investments have been in Australia and the balance predominantly in the UK and Western Europe.
Who won the sale of Newcastle Port?
Hastings Funds Management and China Merchants Group Ltd winning A$1.75bn (US$1.64bn) bid for Port of Newcastle, the world’s largest coal export terminal,
ANZ, Commonwealth Bank of Australia, DBS Bank, HSBC and Westpac Banking Corp are providing the acquisition debt of about A$800m, evenly split into three- and five-year maturities, one of the sources said. In addition, ANZ is funding an A$85m revolving facility for capital expenditure and working capital.
