Mark Upfold is our Australian sector leader for infrastructure and specialises in privatisations, PPP/PFI, infrastructure, water, project financing, energy and resources and complex financing transactions. Mark also co leads the Australian Government sector team.
Mark has worked on many of Australia’s leading infrastructure M&A and greenfield transactions including:
- Endeavour Energy on the Central West Orana Renewable Energy Zone project (CWO REZ)
- The Northern Territory Government on the Sun Cable Project
- DIF and Macquarie on their exit from the Kwinana Waste to Energy Project
- Capella Capital on the Department of Defence solar projects at RAAF and Robertson barracks
- Vector Metering on its divestment of 50% of its smart metering business in NZ and Australia (now known as Bluecurrent) to QIC
- A bidder for equity sold by Commonwealth Superannuation in Canberra Data Centres
- Natwest on its exit from NSW Land Registry Services
- John Laing on its acquisition of equity in Sydney Light Rail PPP
- John Laing on its aggregation of equity and then full exit from the Clarence Correctional Centre PPP
- Sydney Transport Partners consortium on taking full ownership of WestConnex (with an enterprise value of $33b) following the original 51% acquisition
- AustralianSuper on its divestment of part of its equity stake in Ausgrid
- Qube Holdings Limited on the development of the Moorebank Intermodal Project including the IMEX rail terminal, the Interstate rail terminal development and the monetisation of the Moorebank warehousing for $1.67B
- An equity investor in relation to a bid for the Frankston Hospital PPP
- the debt provider on the first Victorian social and affordable housing PPP
- the lenders on the Gold Coast Light Rail stage 3 augmentation project (following advising on Stages 1 and 2)
- Wrenhouse Infrastructure on its exit from Transgrid
- MIRA on its exit from Hobart Airport
- Nexif Energy on its lease of gas turbine generating units from the South Australian Government
Mark has over 30 years of experience with infrastructure and energy and notes the NSW Desalination Project, Royal North Hospital PPP, Reliance Rail PPP, the Port of Newcastle privatisation, the Darwin Convention and Exhibition Centre PPP and the Northern Territory Corrections Precinct as particularly rewarding over a long period of time. Mark also enjoyed leading numerous infrastructure and energy bids with the leaders of the investment industry such as on Port Botany and Port Kembla, Dalrymple Bay Coal Terminal, NSW Land Titles, Victorian Land Titles and Transgrid.
