Skip Capital and KKR completed the acquisition of a 74.25% stake in Queensland Airports from Macquarie Asset Management, State Super, and Australian Retirement Trust for AUD3bn.

An investment firm, Skip Capital, and KKR, completed the acquisition of a 74.25% stake in Queensland Airports, a company that operates and manages airports, from Macquarie Asset Management, a financial services group, State Super and Australian Retirement Trust, a superannuation funds, for AUD3bn. “Our investment in Queensland Airports is a unique opportunity to acquire a high-quality asset that provides critical services in a resilient market with strong macro tailwinds. Queensland Airports plays an important role in connecting Queensland communities to the rest of Australia and beyond. We look forward to collaborating with the Skip Essential Infrastructure Fund, Perron Group and the management team to drive growth initiatives to better serve passengers from Australia and abroad,” Andrew Jennings, KKR Managing Director & Head of Australia and New Zealand Infrastructure.