The transaction builds on the firm’s long-standing relationship with the global investment manager
King & Wood Mallesons (KWM) is continuing its work for a global investment manager as it exits a majority position on an Australian ports and supply chain giant.
KWM is advising Corsair Infrastructure Partners (CIP), the global infrastructure investment business of Corsair Capital, as Dubai-based DP World regains a majority holding in DP World Australia (DPWA).
The stake is being sold by Gateway Infrastructure Investments, managed by CIP, to DP World and to new investment funds managed by CIP, which retain a substantial minority investment in DPWA.
Financial terms of the transaction were not disclosed, but the deal values DPWA, which is Australia’s largest port terminal and supply chain operator, at $1.4bn.
The transaction builds on KWM’s long-standing relationship advising CIP, said Ros Anderson, who is jointly heading the firm’s team with senior associates Clifford Sandler and Carola Toledo Silva.
Additional support is provided by special counsel Glenda Hanson and solicitors Michaela Lange, Justin Wretham, and Emily Campbell. Partner Justin Rossetto and senior associate Victoria Lanyon are handling tax matters, while banking advice is provided by senior associate Will Stawell and solicitor Samir Kinger. Partners Sharon Henrick and Malcolm Brennan, with Christopher Kok and Katherine Yang, handle regulatory matters.