Allens

Experience

Investment

GIP Australia Infrastructure Fund
Advised on its investment in Port of Melbourne.

Hastings Funds Management and First State Super
Advised on its successful A$2.6 billion bid to operate a 35-year concession of the land titling and registry operations of New South Wales Land and Property Information.

REST Industry Super, HOSTPLUS and other investors
Advised on their investment in Campus Living Villages.

Hostplus
Advised on its investment in the 2016 version of the Partners Group Private Equity Fund and a significant subsequent related co-investment opportunity.

Future Fund Board of Guardians
Advised on a number of private equity transactions across various jurisdictions.

Bouwinvest
Advised on their investment alongside an Australian manager and two other global pension funds into a series of Australian student housing accommodation projects.

Consortium of bidders for Asciano Limited (Global Infrastructure Partners, Canada Pension Plan Investment Board, CIC Capital Corporation, GIC and British Columbia Investment Management Corporation)
Advised on the acquisition of Asciano Limited for $9.06 billion by scheme of arrangement.

Canada Pension Plan Investment Board
Advised on:

  • the $3.4 billion acquisition of Intoll Group by way of schemes of arrangement, and
  • the $7.5 billion acquisition of Macquarie Communications Infrastructure Group by way of schemes of arrangement.

Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board
Advised on their A$7.5 billion proposed take-private of Transurban Group.

Financing

Westpac, NAB, ANZ and Commonwealth Bank, lenders to the consortium comprising Transurban Group, AustralianSuper and Abu Dhabi Investment Authority
Advised on the consortium's A$7 billion acquisition of Queensland Motorways.

Hastings Funds Management Limited and Ontario Teachers' Pension Plan consortium
Advised on the financing and acquisition of the A$2.3 billion Sydney Desalination Plant in New South Wales.

AustralianSuper
Advised on the negotiation and implementation of a securities lending programme.

First State Super
Advised on the first-to-market capital call facility for a superannuation fund.

IFM Global Investors
Advised IFM Global Investors on the upsizing of its A$2.7 billion Global fund facility.

Fund establishment & advisory

GIP
Advised on the establishment of GIP Australia Infrastructure Fund ($2.75 billion at first close).

The Powering Australian Renewables Fund
Advised AGL Energy Limited on the establishment Australia's first unlisted A$1 billion renewable energy fund – called the Powering Australian Renewables Fund (PARF).

GIC
Advised on the establishment of its joint venture with Macquarie for the purchase of an interest in specialist student accommodation developer and operator, Iglu.

DEXUS Property Group
Advised on the formation of its capital partnership fund with the National Pension Service of Korea.

AustralianSuper
Advised on the development of their new pro forma investment management agreement and the subsequent roll-out of that agreement to over 30 managers.

First State Super
Advised on the negotiation of a suite of custody services arrangements with State Street Bank, including a custody agreement, investment administration agreement and securities lending agreement.

GIC
Advised on the conversion of one of its Australian unit trust holding structures into a complying managed invest trust structure.

Litigation & regulatory

Good Super
Advised on a regulatory investigation in regard to various aspects of the fund's historical disclosures.

AustralianSuper and Cbus
Advised on the implementation of a range of superannuation disclosure reforms which have had significant impacts on their businesses, including new fee and cost disclosure rules and portfolio holdings disclosure requirements.

AustralianSuper, UniSuper and the Rio Tinto Staff Superannuation Fund
Advised on significant litigation matters involving investment disputes and member claims.

Australia Post Superannuation Scheme
Advised on the design and implementation of a range of significant product, regulatory and governance changes to the $7 billion Australia Post Superannuation Scheme.

Tax

British Columbia Investment Management Corporation
Advised on the Australian taxation implications of its investment in Asciano Limited.

Alberta Investment Management Corporation
Advised on its participation in a consortium bidding for Port Botany and Port Kembla.

Other
Advising a number of foreign

  • pension plans on structuring investments into Australia, and
  • sovereign wealth funds on structuring investments into Australia.

Obtaining a number of rulings from the Australian Taxation Office on the

  • statutory exemption from dividend and interest withholding tax for foreign superannuation funds, and
  • common law exemption from Australian tax on certain investments into Australia by sovereign wealth funds.