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New Deal


Announced

QIC and Royal Schiphol to acquire 70% stake in Hobart Airport from MIRA and Tasplan.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For70%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Airports

Private Equity

Private

Pending

Australia

airport

airport operator

Acquisition

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Synopsis

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QIC Private Capital, a leading private equity firm and Royal Schiphol Group, a provider of airport support services acquires a 70% stake in Hobart International Airport, a provider of air travel services from Macquarie Infrastructure and Real Assets(MIRA) and Tasplan Super. Financial terms were not disclosed. The acquisition involves a transfer of shares worth 50.1% from MIRA managed fund Global Infrastructure Fund III and 19.9% from Tasplan Super. The sale is expected to reach completion by the end of October. "We look forward to working with QIC and Royal Schiphol Group to continue this important work and maintaining our focus on providing outstanding service to airport users.” Sarah Renner, Hobart Airport CEO.

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