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EQT Infrastructure buys retirement living villages for $1bn
Swedish Investor EQT Infrastructure has been advised on its purchase of Stockland’s retirement living business.
Lawyers Weekly
Firm: King & Wood Mallesons (EQT Infrastructure)
Value: $1 billion
Area: Private equity
Key players: The KWM team was led by partners Mark McNamara and Anthony Boogert. Partner Yuen-Yee Cho’s team led the debt financing for the transaction, and additional support was provided on tax by partner Tim Sherman’s team and the separation arrangements by senior associate Melissa Miller.
Deal significance: Commenting on the transaction, Mr Boogert said: “The combined effects of the pandemic and an ageing population are expected to drive demand for retirement villages, particularly those that focus on resident care.
“We are thrilled to have supported EQT with their investment into this increasingly important area of the Australian economy.”
Mr McNamara added: “This transaction is the fourth deal for the EQT Infrastructure team in Australia/NZ in the last couple of years and we are proud to have had a role on each of them.
“We look forward to continuing to work with the EQT team in Australia and Asia as they continue to expand here and elsewhere in the region.”
