Value: Undisclosed

Area: Finance

Key players: The KWM team advising on the divestment was led by partner Ros Anderson and senior associates Clifford Sandler and Carola Toledo Silva, with additional support provided by special counsel Glenda Hanson, and solicitors Michaela Lange, Justin Wretham and Emily Campbell.

VIEW ALL

KWM partner Justin Rossetto and senior associate Victoria Lanyon supported the tax work stream and banking advice was provided by senior associate Will Stawell and solicitor Samir Kinger.

KWM partners Sharon Henrick and Malcolm Brennan, with Christopher Kok and Katherine Yang, provided regulatory advice.

Deal significance: CIP is the global infrastructure investment business of Corsair Capital.

The transaction will result in DP World holding a majority stake in DPWA, alongside a substantial minority investment by new CIP-managed funds.

Closure of the transaction is expected to be later in Q1 2019 and is subject to regulatory approvals.

“We are pleased to have advised Corsair Infrastructure Partners on this transaction, and on the terms of the significant shareholding in DP World Australia which CIP will continue to manage," KWM lead partner Ros Anderson said.

“The transaction builds on KWM’s long-standing relationship advising CIP,” he added.