Deal: King & Wood Mallesons (KWM) has acted for Macquarie’s Global Infrastructure Fund III on the competitive sale of its 50.1 per cent stake in Hobart Airport.

Value: Undisclosed.

Area: Infrastructure.

Key players: The team was led by partner Henrik Moritz. He was assisted by a senior associate, Shabarika Ajitkumar, and solicitor Georgia Feltis. Infrastructure expertise was provided by partners Mark Upfold and Rebecca Finkelstein and special counsel Gareth Howe.

Deal significance: Sold to QIC and Royal Schiphol Group in a joint transaction, the sale will see GIF III fully divest its ownership of the airport. The transaction will also result in Hobart Airport’s second owner, Tasplan Super, reducing its holding from 49.9 per cent to 30 per cent.

Mr Moritz said: “We are delighted to have worked with our longstanding client Macquarie on this sale which achieves a significant result for investors in GIF III.

“It is rare for a stake in an Australian airport to be offered to the market and we are very pleased to have had the opportunity to support GIF III on this divestment after a successful 12 years as majority shareholder.”

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