Allens has advised a consortium comprising KKR, Ontario Teachers’ Pension Plan Board and Public Sector Pension Investment Board (PSP Investments and together, the Consortium) on the acquisition of all issued securities of Spark Infrastructure (ASX: SKI) in an all-cash transaction for approximately A$5.2 billion.
The transaction was implemented by way of an inter-conditional trust scheme and creditors' scheme of arrangement.
Commenting on the transaction, partner Charles Ashton said, 'We are extremely pleased to have acted for KKR, Ontario Teachers' and PSP Investments on this landmark public M&A infrastructure transaction.'
Partner and Head of Public M&A, Guy Alexander said, 'The implementation of this transaction caps off a very strong year for our public M&A practice, having also acted on transactions such as Sydney Airport, Oil Search, Vocus, Ausnet and Boral. Allens has acted on a majority of the top 10 largest public M&A deals announced in Australia in 2021.'
Partner Kate Towey added, 'This transaction is another example of Allens' deep experience in infrastructure M&A, particularly in electricity transmission and distribution.'
Allens acted as the Consortium's counsel for the transaction, advising on corporate aspects of the deal and debt financing.
Spark Infrastructure invests in energy infrastructure assets, including electricity distribution, electricity transmission, and renewable energy generation technologies. The company currently has investments in electricity distribution and transmission assets, and a renewable electricity generation business.
Allens legal team
Charles Ashton (Partner), Guy Alexander (Partner), Kate Towey (Partner), Hannah Biggins (Managing Associate), Bree Rowswell (Senior Associate), Elise Blume (Senior Associate), Kelsey Montgomery (Associate), Krish Nadarajah (Associate), Kye-Ren Cheong (Associate), Adrian Brett (Lawyer), Lana Yang (Lawyer), Tim Tabalujan (Lawyer), Marc Privitelli (Lawyer), Ben Fong (Lawyer) and Kristina Adzic (Lawyer).
Funds Super Wealth
Marc Kemp (Partner), Patrick Boyle (Senior Associate), Viroshan Poologasundram (Senior Associate) and Rachel Short (Lawyer).
Banking and Finance
Tim Stewart (Partner), David Couper (Partner), Gabriela Wilson (Senior Associate), Nicholas Koutsoukos (Senior Associate), Sam Forsyth (Associate), Aaron Chan (Associate), Mark Hakeem (Associate) and Moussa Mourad (Lawyer).
Projects and Development
Kate Axup (Partner) and Luisa Colosimo (Senior Associate).
Kim Reid (Partner), Guy Stuckey-Clarke (Senior Associate) and Kiara Di Carlo (Lawyer).
Anti-Trust and FIRB
Rob Walker (Partner), Wendy Rae (Partner), Andrew Wong (Mergers & Acquisitions Counsel) and Isabel Wormald (Associate).