Herbert Smith Freehills Kramer Advised UniSuper on Tax Aspects of its Acquisition of Qube

Herbert Smith Freehills Kramer Advised UniSuper on Tax Aspects of its Acquisition of Qube

Herbert Smith Freehills Kramer (HSF Kramer) is pleased to have provided tax advised to superannuation fund UniSuper in relation to its participation in the A$11.7 billion acquisition of all the shares in Qube Holdings Limited (Qube) as part of a consortium led by Macquarie Asset Management.

UniSuper is an existing shareholder in ASX-listed Qube, which is Australia’s largest provider of ports and terminal infrastructure assets.

The super fund and its co-investors will support Qube’s management team to drive further growth and resilience in the business, with a focus on investing across Qube’s 200 sites in Australia, New Zealand and South-East Asia, as well as new opportunities across the Asia Pacific region.

John Pearce, chief investment officer at UniSuper, said, “Investing in Qube is ultimately a bet on Australia so we are delighted to continue as a significant shareholder.”

Ryan said, "It was great to work with the UniSuper team on this transaction, which is an important investment in Australian infrastructure."

The transaction is subject to customary conditions and regulatory approvals.

The HSF Kramer team was led by Ryan Leslie (Partner / Tax), with support from Nick Heggart (Partner), Naison Seery (Senior Associate) and Jeneesha Fernando (Solicitor).

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