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Wren House advised on sale of stake in TransGrid

Wren House Infrastructure has been advised on the sale of its one-fifth stake in TransGrid to OMERS.

July 28, 2020 • By Jerome Doraisamy
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Wren House advised on sale of stake in TransGrid
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Firm: King & Wood Mallesons (Wren House Infrastructure), Herbert Smith Freehills (OMERS), Allens Linklaters (TransGrid Australia).

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Deal: KWM has acted for Wren House Infrastructure Management on the sale of its 19.99 per cent stake in TransGrid Australia to OMERS. The transaction was completed on Friday, 17 July 2020.

 
 

Value: Undisclosed.

Area: Infrastructure.

Key players: The KWM team was led by partner Mark Upfold, who was assisted by partners Scott Heezen, Ros Anderson and Malcolm Brennan, special counsel Gareth Howe and Clifford Sandler, senior associate Amanda Kazacos, solicitors Travis Irons and Caitlin Rodgers, and graduate Victoria James.

Deal significance: Speaking about the deal, Mr Upfold said: “This deal started late last year, transitioned across [COVID-19], the new dynamics at FIRB and involved navigating through a detailed pre-emptive rights regime.”

“It had all the features that make infrastructure transactions so rewarding and we are proud to have helped Wren House Infrastructure meet its sale objectives after close to five years of post-privatisation ownership of the asset,” he added.

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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