Share sale to wholly owned subsidiary on London Stock Exchange
Piper Alderman has advised Log Creek Pty Ltd, the majority shareholder of Infrastructure Capital Holdings Pty Ltd (ICH), on the sale of 100% of the shares in ICH to a wholly owned subsidiary of London Stock Exchange listed Foresight Group Holdings Limited.
ICH and its wholly owned subsidiaries (collectively Infrastructure Capital Group) offers investment management and asset management products and services to an established client base of Australian and international institutional investors. Since inception, Infrastructure Capital Group has deployed capital across 13 realised and 21 unrealised investments. Infrastructure Capital Group offers investors access to portfolios that are diversified by sector, counterparty, and risk profile, managing three flagship funds all of which have a proven performance track record. Infrastructure Capital Group has 44% of its assets under management invested in renewable energy and is one of Australia’s largest private renewable generators, with over 787MW of renewable energy generation capacity and more broadly is seeing a clear sustainability overlay in its core sectors.
Piper Alderman has advised Log Creek Pty Ltd, the majority shareholder of ICH, on the sale of 100% of the shares in ICH to a wholly owned subsidiary of London Stock Exchange listed Foresight Group Holdings Limited.
The Piper Alderman deal team led advised Log Creek across all stages of the transaction lifecycle, including in relation to preliminary negotiations, drafting and negotiating the transaction documentation and advising on all related matters in respect of the transaction. The deal team also advised Infrastructure Specialist Asset Management, the trustee of the Infrastructure Capital Group managed funds, on change of ownership ramifications of the transaction on the underlying investee documents. The team is experienced in mergers and acquisitions in corporate settings, affirming why it successfully midwifed the deal.