Atlas Arteria advised on $1.35bn equity raise

By Jerome Doraisamy|05 December 2019
Toll roads

Infrastructure development company Atlas Arteria has been advised on a $1.35bn raise and increase to its European motorway stake.

Firm: KWM (Atlas Arteria).

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Deal: KWM has advised Atlas Arteria on its fully underwritten $1.35 billion equity raising, in addition to assisting with agreements to acquire an increased interest in both APRR and ADELAC and internalise associated management agreements.

Area: M&A.

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Value: $1.35 billion.

Key players: The KWM team was led by partner Henrik Moritz, who was assisted by special counsel Amanda Isouard, senior associates Shabarika Ajitkumar, Matthew Ward and Max Allan and solicitors Felicity Bell, Angus Moore and Daniel Ayad.

Deal significance: The raising is comprised of a $452 million institutional placement and a four for 21 accelerated pro-rata non-renounceable entitlement offer that is expected to raise $898 million, KWM said in a statement.

Commenting on the transaction, Mr Moritz said: “The raising and acquisition undertaken by Atlas Arteria fit in with the group’s broader strategic objectives in which they independently manage their investments and look to continued future growth. It was our pleasure to assist Atlas Arteria in this significant achievement.”

Atlas Arteria advised on $1.35bn equity raise
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