Announced
Completed
Financials
Tags
Private
Majority
Private Equity
United States
Domestic
Private Equity
Merger
investment manager
Friendly
Acquisition
Single Bidder
Completed
Synopsis
Argo Infrastructure Partners, an independent fund manager, completed the acquisition of Macquarie Infrastructure Hawaii from Macquarie Infrastructure, which operates and invests in a portfolio of infrastructure and infrastructure-like businesses in the US, for $514m. “While Covid-19 lengthened the timeframe to complete these efforts, we are now transferring our businesses to private owners who recognize their improved resilience and growth potential. Subject to the successful closing of our two agreed transactions, we have delivered on our commitments and will return net proceeds to shareholders of $52.18 per share, representing a 35% premium to our share price prior to embarking on our pursuit of strategic alternatives,” Christopher Frost, MIC CEO.
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