It was the longest of long-haul flights. But the auction for a majority stake in the $3 billion Queensland Airports Limited landed safely at its destination at 5am on Thursday morning, as revealed by Street Talk.
There were plenty of chest-bumps all around. For PE juggernaut KKR, QAL will be the first airport to sit in its $US550 billion portfolio – and validation of its decision to pick a billionaire family office in Skip Capital as its running mate over the smorgasbord of Aussie super funds or infra managers.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
