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.
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.
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.