M&A Deal Summary

QIC and Royal Schiphol Group N.V. Acquire Hobart International Airport

On October 1, 2019, sovereign wealth fund QIC and Royal Schiphol Group N.V. acquired infrastructure company Hobart International Airport from Macquarie Infrastructure and Real Assets and Tasplan Super

Acquisition Highlights
  • This is QIC’s 2nd and Royal Schiphol Group N.V.’s 1st transaction in the Infrastructure sector.
  • This is QIC’s 3rd and Royal Schiphol Group N.V.’s 1st transaction in Australia.

M&A Deal Summary

Date 2019-10-01
Target Hobart International Airport
Sector Infrastructure
Buyer(s) QIC
Royal Schiphol Group N.V.
Sellers(s) Macquarie Infrastructure and Real Assets
Tasplan Super
Deal Type Secondary Buyout

Target

Hobart International Airport

Cambridge, Australia
Hobart International Airport is the principal airport serving the Australian state of Tasmania. The airport has also established a community focused platform to support social, education and environmental initiatives, including a number of local not for profit and conservation groups. Hobart International Airport is based in Cambridge, Australia.

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Buyer(S) 2

Buyer
DESCRIPTION

Queensland Investment Corp (QIC) is a government owned and funded investment group serving the Australian state of Queensland. QIC has a range of investment strategies including private equity, infrastructure, real estate, hedge funds, and equities. QIC was established in 1991 and is based in Brisbane.


DEAL STATS #
Overall 4 of 8
Sector: Infrastructure M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 4
Country: Australia M&A 3 of 4
Year: 2019 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Sea Swift

Cairns, Australia

Sea Swift is a shipping business in remote locations (regular cargo business, project business, and fishing support). Sea Swift was founded in 1987 and is based in Cairns, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-30 Nexus Day Hospitals

Saint Leonards, Australia

Nexus Day Hospitals is an aggregation of Australian day hospitals performing ophthalmology, endoscopy, plastic surgery, ENT, orthopaedics, general surgery, dental surgery and other procedures. Nexus Day Hospitals was established in 2013 and is based in Saint Leonards, New South Wales.

Buy -
Buyer

Royal Schiphol Group N.V.

Schiphol, Netherlands

Category Company
Founded 1920
Sector Infrastructure
DESCRIPTION

Royal Schiphol Group N.V. operates and invests in airports. The Group owns airports throughout the Netherlands and also invests in airports and other infrastructure assets Internationally. Royal Schiphol Group was established in 1920 and is headquartered in Schiphol, the Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 2

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 5 of 11
Sector: Infrastructure M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 5
Country: Australia M&A 1 of 1
Year: 2019 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 Farnborough Airport

Hampshire, United Kingdom

Farnborough Airport Ltd. is the only dedicated business aviation airport in the United Kingdom (“UK”). The airport, which handles more than 30,000 air traffic movements each year, has facilities designed to maximize travel efficiency, reliability and customer experience for passengers traveling to London and the South East. Farnborough Airport was the world’s first dedicated business aviation airport to receive carbon neutral status from Airports Council International, and its facilities and services have seen it named Europe’s best Fixed-Based Operator (“FBO”) facility since 2005.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-27 Gwynt y Môr Offshore Wind Farm

United Kingdom

Gwynt y Môr Offshore Wind Farm is a 576 MW offshore wind farm positioned 13 kilometres off the coast of North Wales. Operational since 2015, Gwynt y Môr is comprised of 160 3.6 MW wind turbines spread across 80 square kilometers. Each year, the wind farm provides enough clean electricity to power approximately 430,000 UK homes.

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SELLER

Tasplan Super

Hobart, Australia

Category Company
Founded 1987
Sector Financial Services
DESCRIPTION

Tasplan Super is a multi-industry, profit-for-members super fund. Clients don’t pay commissions to agents or financial planner and. Tasplan also provides insurance, advice, and access to loans and other financial products. Tasplan is headquartered in Hobart, Tasmania.


DEAL STATS #
Overall 1 of 1
Sector: Infrastructure M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-12 Hobart International Airport

Cambridge, Australia

Hobart International Airport is the principal airport serving the Australian state of Tasmania. The airport has also established a community focused platform to support social, education and environmental initiatives, including a number of local not for profit and conservation groups. Hobart International Airport is based in Cambridge, Australia.

Buy -