APG, AustralianSuper and Global Infrastructure Partners to acquire a 37.4% stake in Peel Ports from DWS.

APG, a pension provider, AustralianSuper, an investment fund, and Global Infrastructure Partners, an infrastructure investor, agreed to acquire a 37.4% stake in Peel Ports, a port operator, from DWS, a platform, which provides client solutions covering private equity infrastructure, debt and separate account mandates. Financial terms were not disclosed. "Generating the opportunity to increase our ownership interest in Peel Ports to be the largest shareholder behind The Peel Group highlights the Fund's desire to acquire high quality infrastructure assets as we aim to continue to grow the portfolio materially in the years ahead. Peel Ports is a high-quality infrastructure asset that has proven to be a resilient investment and continues to contribute positively to the retirement savings of our members. We look forward to Peel Ports leveraging its strong customer relationships, strategic locations and deep logistics management expertise to capitalise on new opportunities emerging from the favourable economic outlook and expansion of global trade. Introducing to the shareholder register two high quality global infrastructure investors in APG and GIP enhances the foundation of the company to deliver on its next exciting stage of growth," Nik Kemp, AustralianSuper Head of Infrastructure.