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Morrison & Co completes multibillion-dollar management transfer
DLA Piper has advised Morrison & Co on a multibillion-dollar funds management transfer.
Emma Musgrave
Firm: DLA Piper (Morrison & Co)
Value: $6 billion
Area: Corporate
Key players: The DLA Piper team was led by corporate partner Emma Kendall, with assistance from James Philips, Leah Watt and Amina Karcic.
Deal significance: The transition became effective 1 July 2018.
UTA is described as an open-ended core infrastructure fund for institutional investors, with more than A$6 billion in assets under management.
When confirming the selection of Morrison & Co as the preferred manager, the Board of Utilities of Australia Pty Limited, as trustee of the Utilities Trust of Australia (UTA), commented “The board received strong interest from a number of high-quality managers, with Morrison & Co being selected on the basis of various qualitative and quantitative factors,” according to a DLA Piper statement.
DLA Piper advised Morrison & Co on both the competitive bid and the formal transition of the fund.
"We’re delighted to have advised Morrison & Co on this significant milestone. As an experienced and high-quality infrastructure asset manager, Morrison & Co will provide a strong and stable platform to UTA and its unit holders," partner Emma Kendall said.
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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