May 27, 2024
Doyle's Guide

KWM advise Airtrain on $109 million sale

Stefan Luke, King & Wood Mallesons

King & Wood Mallesons has acted for Airtrain Holdings Limited (“Airtrain”) in its sale to USS Axle Pty Ltd, by way of three interconditional schemes of arrangement, for A$109.55 million.

Airtrain is the holding company of Airtrain Citylink Limited, which owns and operates the Brisbane Airport Rail Link (“BARL”) connecting the Brisbane International and Domestic Airports to over 140 railway stations within the Queensland Rail network.  USS Axle Pty Limited is a wholly-owned subsidiary of Universities Superannuation Scheme Limited of the United Kingdom, a £34 billion superannuation fund.

The King & Wood Mallesons team, based in Brisbane, was led by corporate partners John Humphrey and Stefan Luke together with senior associate Rhys Casey and solicitors Erin Hanson and Joshua Duffy.  Justin McDonnell, Natalie Caton and Ashlee Campbell from the firm’s dispute resolution team assisted with the court approvals of the schemes.

Commenting on the deal, Stefan Luke said “It was pleasure to continue our long association with this iconic company.  Having worked with Airtrain since the construction and financing of the BARL in the early 2000s and during its restructure in 2005, we are delighted to have been part of this next milestone in its history.”

Johnson Winter & Slattery Lawyers acted for USS Axle Pty Ltd.

Related posts

KWM acts on Arrium capital raising

Doyles Guide

KWM advises Steadfast on proposed acquisition of Calliden Group

Doyles Guide

King & Wood Mallesons advises Horizon Oil on merger of equals with ROC Oil

Doyles Guide

KWM & HSF act on $533 million entitlement offer

Doyles Guide

KWM advise Suncorp on subordinated note offer

Doyles Guide

KWM, Herbert Smith Freehills & Gilbert + Tobin act on Reed Business sale

Doyles Guide

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More