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Stake in Spark Infrastructure sold

Stake in Spark Infrastructure sold

Craig Andrade, Baker & McKenzie

JP Morgan acted as the underwriter for the sale of Cheung Kong Infrastructure's stake in Spark Infrastructure, with advice from a global firm.

Firms: Baker & McKenzie (JP Morgan)

Deal: Cheung Kong Infrastructure sold its 6.7 per cent stake in Spark Infrastructure.

Value: $252.4 million

Area: M&A

Key players: The Baker & McKenzie team was led by partner Craig Andrade (pictured).

Deal significance: Cheung Kong Infrastructure's sold its 6.7 per cent stake in Spark Infrastructure to several institutional buyers for $252.4 million. JP Morgan was the underwriter of the sale.

Baker & McKenzie also recently acted for Insight Capital Advisers as joint lead manager in connection with the complex unwind and sale of Spark's eight per cent economic interests in DUET Group for $305 million.

"There is a lot of competitive block trade activity in the market and we're delighted to have been involved in several recent processes assisting our underwriter clients," Baker & McKenzie lead partner Craig Andrade said.

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