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DLA Piper helps form alliance
DLA Piper has acted on an infrastructure investment alliance between an Australian superannuation fund and Spanish infrastructure developer Cintra.
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Firms: DLA Piper (Super Investment Management Pty Ltd and Retail Employees Superannuation Trust (REST))
Area: Corporate
Value: Undisclosed
Key players: The team advising REST was led by partner Dr Gerry Bean (pictured) with support from senior associate Joshua Heard, both from DLA Piper's corporate practice in Melbourne
Deal significance: REST is one of Australia’s largest industry superannuation funds, with 1.9 million members and more than $20 billion in funds under management. Cintra is a subsidiary of Ferrovial, one of the world's leading private investors in transportation infrastructure. This type of strategic alliance is unique for superannuation funds in Australia looking to acquire a stake in large infrastructure projects. As part of the alliance, a dedicated project team made up of REST and Cintra representatives will explore opportunities to invest in new toll-road infrastructure projects in Australia.
