Keppel Infrastructure Trust’s $1.1 Billion Acquisition of Ixom

Allens has advised Keppel Infrastructure Trust (KIT) on its acquisition of leading chemicals business Ixom for an enterprise value of $1.1 billion.

The acquisition, from Blackstone managed funds and management shareholders, represents a significant addition to KIT’s portfolio and a further investment by KIT in solutions for sustainable urbanisation.

Ixom manufactures and distributes water treatment chemicals and industrial and specialty chemicals, and is one of the largest bulk and packaged chemical distribution businesses in Australia and New Zealand. Its products are fundamental components in a number of industries, including water treatment, dairy, agriculture, mining, construction and nickel refining.

Keppel Infrastructure Trust is a listed business trust that provides investors with the opportunity to invest in a large and well-diversified portfolio of core infrastructure assets located in jurisdictions with well-developed legal frameworks that support infrastructure investment. The Firm, led by Matthew Pollard, Kenny Tan Chuan Huat and Malcolm Robert Eccles, in 2017 recorded $465 Million Revenues.

Allens advised Keppel Infrastructure Trust with a team including Jessica Choong (Picture), Tom Story, Wendy Rae, Tracey Davern, James Nguyen, Tina Tran, Miles Ma, Mark Young (M&A), Jillian Button, Eve Lynch, Naomi Bergman, Emily Johnstone, Kate Kellaher, Isabella Kelly, Connie Ye, Zainab Mahmood, Laura McNama (Environment), Michael Graves, Tim Chislett, George Klonis (Real Estate), Sikeli Ratu (Employment), Ted Hill, Darcy McLennan (Competition), Michael Ryan, Alex Tonkin, Keenan Chiu (Banking & Finance), Jonathan Light, Andrew Lazzaro and Harry Cook (Insurance)

Involved fees earner: Naomi Bergman – Allens; Jillian Button – Allens; Tim Chislett – Allens; Jessica Choong – Allens; Tracey Davern – Allens; Michael Graves – Allens; Ted Hill – Allens; Emily Johnstone – Allens; Kate Kellaher – Allens; Isabella Kelly – Allens; George Klonis – Allens; Jonathan Light – Allens; Eve Lynch – Allens; Miles Ma – Allens; Darcy McLennan – Allens; James Nguyen – Allens; Wendy Rae – Allens; Sikeli Ratu – Allens; Michael Ryan – Allens; Tom Story – Allens; Alex Tonkin – Allens; Connie Ye – Allens;

Law Firms: Allens;

Clients: Keppel Infrastructure Trust;

Author: Michael Patrini