KWM advises Corsair Infrastructure Partners on stake in DP World Australia

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King & Wood Mallesons (KWM) has advised Corsair Infrastructure Partners (CIP), the global infrastructure investment business of Corsair Capital, on the sale of Gateway Infrastructure Investments' stake (which is managed by CIP) in DP World Australia (DPWA) to DP World and to new investment funds managed by CIP. Closure of the transaction, expected to be later in Q1 2019, is subject to regulatory approvals.

The transaction will result in DP World holding a majority stake in DPWA, alongside a substantial minority investment by new CIP-managed funds.

The KWM team advising on the divestment was led by Partner, Ros Anderson and Senior Associates Clifford Sandler and Carola Toledo Silva, with additional support provided by Special Counsel Glenda Hanson, and Solicitors Michaela Lange, Justin Wretham and Emily Campbell. Partner Justin Rossetto and Senior Associate Victoria Lanyon supported the tax work stream and banking advice was provided by Senior Associate Will Stawell and Solicitor Samir Kinger. Partners Sharon Henrick and Malcolm Brennan, with Christopher Kok and Katherine Yang, provided regulatory advice.

Commenting on the deal, Ros Anderson said: "We are pleased to have advised Corsair Infrastructure Partners on this transaction, and on the terms of the significant shareholding in DP World Australia which CIP will continue to manage. The transaction builds on KWM's long-standing relationship advising CIP".