Travers Smith LLP has advised Foresight Group Holdings Limited ("Foresight") on its acquisition of Infrastructure Capital Holdings Pty Ltd ("Infrastructure Capital"), a leading Australian specialist infrastructure manager, for an upfront consideration of A$105 million.
Infrastructure Capital offers investment management and asset management products and services, with £2.8 billion of Assets under Management (AUM) and £1.8 billion of Funds under Management (FUM) as at 31 March 2022.
Combining Infrastructure Capital's strong market position in Australia with Foresight's strengths as an international sustainability-led alternative asset manager provides significant growth potential for both organisations.
The combined group will be one of the largest renewable generation and infrastructure investors in Australia and will benefit from a stronger business profile and broader investor reach. The Acquisition will also enhance Infrastructure Capital 's and Foresight's investment, product development and institutional distribution capabilities and facilitate the introduction of new products in both new sectors and new geographies, providing clients access to a wider suite of products and services.
The Travers Smith team was led by Head of Corporate M&A and ECM Andrew Gillen, supported by Senior Associates Fabian McNeilly and Ella Sharpley, and Associate Sylvia Mueller.
We previously advised Foresight on its £455 million Main Market IPO in February 2021.
Allens advised Foresight on Australian law and Ogier advised on Guernsey law.