Allens acts for CPPIB on A$3.4 billion proposed acquisition of Intoll
27 August 2010
Allens Arthur Robinson (Allens) is acting for Canada Pension Plan Investment Board (CPPIB), one of Canada's largest institutional investors, on its proposed acquisition of Intoll Group (Intoll), valued at approximately A$3.4 billion.
Under CPPIB's proposal, Intoll security holders will have the option of receiving A$1.52 cash per Intoll stapled security, or a scrip and cash option, or a combination of the two options. If accepted by security holders, the acquisition will be implemented via a scheme of arrangement and trust schemes.
The directors of Intoll have unanimously recommended that Intoll security holders approve the transaction and elect to receive the cash option, stating that CPPIB is offering a highly attractive premium.
Partner Wendy Rae is leading the Allens team, which brings together partners and lawyers with expertise across the corporate, funds management, projects and tax service areas.
According to Ms Rae: 'We are delighted to again work with CPPIB on a strategic infrastructure investment. We are pleased to have been able to offer CPPIB comprehensive and coordinated legal advice on this transaction, which involves multiple teams of advisors and the complexities of multiple jurisdictions and time zones.'
Allens has previously worked with CPPIB on a number of matters, including its acquisition of Macquarie Communications Infrastructure Group in 2009. CPPIB is a professional investment management organisation that invests the funds not needed by the Canada Pension Plan to pay current benefits on behalf of 17 million Canadian contributors and beneficiaries. The Canada Pension Plan Fund currently has assets under management of approximately C$129.7 billion.
| Allens legal team | Wendy Rae (Partner – Melbourne), Craig Henderson (Partner – Melbourne), Tony Sheehan (Partner – Sydney), Derek Heath (Consultant – Sydney), Mark Malinas (Senior Associate – Melbourne), Emin Altiparmak (Senior Associate – Melbourne), Penny Nikoloudis (Senior Associate – Sydney), Gaurav Patel (Senior Associate – Melbourne), Paul Bernath (Senior Associate – USA), Guilaine Buckley (Senior Associate – Sydney), Zoe Green (Senior Associate – Sydney), Vida Wongseelashote (Senior Associate – Melbourne), Michael Graves (Senior Associate – Melbourne), Jessica Choong (Lawyer – Melbourne), Amanda Hicks-McLean (Lawyer – Melbourne), Suzanne Komattu-Mathews (Lawyer – Melbourne), Xinmin Pang (Lawyer – Melbourne), Lydia Wong (Lawyer – Melbourne), Brenton Pollard (Law Graduate – Melbourne). |
Ends
For further information, please contact:
- Jane FoleyCorporate Communications Coordinator,
Melbourne
Ph: +61 3 9613 8503
Jane.Foley@aar.com.au
Notes for editors.
Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.
