POWERED BY MOMENTUM MEDIA
IFM consortium to acquire Sydney Airport
An IFM-led consortium has entered into a scheme implementation deed to acquire 100% of Sydney Airport.
Sydney Aviation Alliance (SAA), which included IFM Australian Infrastructure Fund, IFM Global Infrastructure Fund, AustralianSuper, QSuper and Global Infrastructure Partners comprised the consortium that would take over.
The consortium previously had two proposals rejected, but was granted due diligence on the third proposal.
Under the scheme, Sydney Airport security holders would receive the following considerations
- UniSuper would transfer its existing interest of 15.01% in Sydney Airport for an equivalent interest in the holding structure of the consortium; and
- All other security holders would receive $8.75 cash per stapled security.
The scheme valued Sydney Airport at approximately $23.6 billion and represented an uplift in equity value of approximately $1.3 billion to the price of $8.25 on the business day prior to the announcement.
The Sydney Airport boards unanimously recommended that security holders vote in favour of the scheme.
Meetings about the scheme were expected to be held in the Q1 of 2022.
Recommended for you
Australia is becoming increasingly recognised as an attractive investment opportunity against global counterparts, recent analysis has found.
Pension funds in Australia and the UK are embracing recent developments that will facilitate the deployment of superannuation capital toward the energy transition in both countries.
With the Goldman Sachs’ S&P 500 long-term outlook occupying headlines over recent days, an Aussie economist has weighed in, noting that, while difficult to time, the US market is poised for a downturn.
The appetite for digital infrastructure has grown significantly among Australia’s superannuation funds, with assets like data centres, fibre optic networks, and telecommunications now viewed as strategic investments in their portfolios.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
