Macquarie Asset Management and Aware Super are among Australia’s biggest infrastructure investors. But a $6 billion-plus acquisition is a monster deal by any measure, and one that requires partners.
That’s why Macquarie and Aware have roped in a deep-pocketed investor to join their bid for TPG Telecom’s fibre network, which stretches 27,000 kilometres and makes about $550 million in annual earnings.
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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
