The deal was signed over the weekend and was understood to be worth about $1.1 billion or 17-times EBITDA.
Stonepeak will own a 70 per cent stake, while Spirit Super will hold the other 30 per cent. Gresham Partners, KingThe deal comes three months after Australian infrastructure manager Palisade Investment PartnersPalisade, which also owns the Port of Portland some 290km away from the Port of Geelong, was frustrated by the ACCC’s continuing investigation and wasn’t in a position to complete the transaction by the end of August drop-dead date.
“As a high-quality landlord port with operations that are critical to Australia’s economy, GeelongPort is a natural fit for Stonepeak’s core infrastructure strategy,” Darren Keogh, a senior managing director at“It is a highly contracted entity with strong barriers to entry and stable and predictable demand drivers, which we believe are even more compelling when coupled with the port’s meaningful opportunities for long-term growth through additional development to meet future import-export...
it is why multi natinal bankers love it here We have super charged buyout n MA Bonus galore like b4 GFC
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