The Asset Triple A
Infrastructure Awards 2019

Country deal awards (Australia)

Australia
Green project of the year
Bulgana Green Power Hub
A$235 million project financing
Sponsor:
Neoen
Financial adviser:
E&M
Mandated lead arrangers:
Korean Development Bank, KfW IPEX-Bank, Societe Generale
Legal advisers:
Baker McKenzie, White & Case
A world’s first for the agribusiness industry. The project will provide Nectar Farms, Australia’s largest high efficiency, hydroponic greenhouse producing fruits and vegetables with 100% renewable energy
Mining deal of the year
Kestrel Coal Resources
US$1.16 billion acquisition financing
Sponsors:
EMR Capital, Adaro Capital
Financial adviser:
Emindobiz
Mandated lead arrangers:
ANZ, Bank Mandiri, BNP Paribas, CIMB, DBS, HSBC, ING, MUFG, National Australia Bank, Oversea-Chinese Banking Corporation, Standard Chartered, Sumitomo Mitsui Banking Corporation
Legal advisers:
Allen & Overy, Milbank
This is EMR Capital’s first investment in an operating metallurgical coal mine and the first overseas investment by Adaro Energy involving the acquisition of Rio Tinto’s 80% stake in Kersrel mine in Central Queensland, Australia
Oil and gas deal of the year
Beach Energy Limited/Delhi Petroleum Pty Limited
A$1.475 billion acquisition financing
Mandated lead arrangers:
ABN Amro, ANZ, Bank of China (Hong Kong), Bank of China (Sydney), BNP Paribas, Commonwealth Bank of Australia, Credit Suisse, DNB, HSBC, ING Bank, Intesa Sanpaolo, Metrics Credit Partners, Mizuho Bank, MUFG, National Australia Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, Westpac Banking Corporation
Legal advisers:
Gilbert & Tobin, Allens Linklaters
The loan facilities financed Beach Energy’s acquisition of Origin Energy’s subsidiary Lattice Energy, which was transformational as it will raise Beach’s reserves and company production
Oil and gas deal of the year – Highly commended
Australia Pacific LNG Processing Pty Limited
US$1.4 billion senior secured facilities
Sponsors:
ConocoPhillips, Origin Energy, Sinopec Corporation
Lead placement agents:
ANZ, Citi, J.P. Morgan
Legal advisers:
Latham & Watkins, Sullivan & Cromwell
The largest ever private placement project bond issued out of Asia-Pacific
Renewable energy deal of the year – Solar
Beryl Solar Farm
A$150 million project financing
Sponsor:
First Solar
Mandated lead arrangers:
Mizuho Bank, MUFG, Societe Generale
Legal advisers:
Allens, Herbert Smith Freehills
Set to be one of the biggest solar farm projects in New South Wales, it will power the new Sydney Metro Northwest railway. The project will meet New South Wales’ commitment to utilize renewable power for its energy needs in servicing the public
Renewable energy deal of the year – Waste-to-energy
Kwinana Waste to Energy
A$698 million financing
Sponsors:
Macquarie Capital, Phoenix Energy Australia
Co-investor:
Dutch Infrastructure Fund
Mandated lead arrangers:
Clean Energy Finance Corporation, IFM Investors, Investec, Metrics Credit Partners, Siemens Bank, Sumitomo Mitsui Banking Corporation
Legal advisers:
Allens, Ashurst, Norton Rose Fulbright
The first large-scale waste-to-energy project in Australia, which should help the Australian states consider their waste management strategy and to reduce their reliance on landfill
Telecom deal of the year
Brookfield Asset Management
acquisition of data centres from Blackstone Group
Sponsor:
Brookfield Asset Management
Mandated lead arrangers, underwriters and bookrunners:
Goldman Sachs, Natixis
Acquisition finance for DCI Data Centres’ operations in Australia located in Sydney and Adelaide
Transport deal of the year
WestConnex Stage 1
A$4 billion acquisition financing
Sponsors:
Transurban, AustralianSuper, Canadian Pension Plan Investment Board, Tawreed Investments Limited (Abu Dhabi Investment Authority)
Financial adviser:
Macquarie (Debt), Morgan Stanley, UBS (Equity)
Mandated lead arrangers:
Agricultural Bank of China, ANZ, Bank of China (Sydney), Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Commonwealth Bank of Australia, Credit Agricole, Export Development Canada, Industrial and Commercial Bank of China, ING, KEB Hana, Mizuho Bank, National Australia Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, Westpac Banking Corporation
Legal advisers:
King & Wood Mallesons, Clifford Chance
The facility was to finance the acquisition of a 51% interest in WestConnex, the concessionaire of a 64km integrated toll network comprising of three major stand-alone motorways in the heart of Sydney
Utility deal of the year
Origin Energy
A$267 million sale of metering business Acumen to intelliHUB
Sponsors:
Pacific Equity Partners, Landis+Gyr
Financial advisers:
Credit Suisse, Highbury Partnership, Ironstone Capital
Mandated lead arranger:
Sumitomo Mitsui Banking Corporation
Legal advisers:
Baker McKenzie, Clayton Utz
The sale of Acumen, Origin’s metering business, was the first project-finance style financing of a smart meter business in Australia. Origin is able to monetize its long-term contract while ring-fencing the smart meter business from its retail division
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