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New Deal


Announced

CPP Investments, AustralianSuper and UniSuper to acquire a 50% stake in Transurban Chesapeake assets for $2.1bn.

Financials

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Transaction Value£1,631m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

United States

Private

Friendly

Private Equity

express lanes

Toll Roads

Majority

Single Bidder

Pending

Synopsis

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CPP Investments, AustralianSuper, an Australian superannuation and pension fund, and UniSuper, an Australian superannuation fund that provides superannuation services, agreed to acquire a 50% stake in Chesapeake assets of Transurban, an Australian toll-road operator, for $2.2bn. AustralianSuper will get 25% of the assets, while CPPIB and UniSuper will acquire stakes of 15% and 10%, respectively. “Together with our partners, we are focused on delivering the next generation of transportation infrastructure to move travelers and economies forward. We now have the opportunity to accelerate growth, building on our track record of success in the region and leveraging the time-tested growth strategies being realized across our Australian markets," Scott Charlton, Transurban CEO.

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