Macquarie’s $130 Million Investment to Develop Container Staging Hub at the Port of Los Angeles

Simpson Thacher recently represented Macquarie CAF Management LLC (“MCAF”) in connection with its formation of a joint venture with the operators of Harbor Performance Enhancement Center LLC (“HPEC”) to provide up to $130 million in capital for the development of a 5.5 million square foot shipping container staging hub located at Terminal Island in the Port of Los Angeles.

Upon completion, which is subject to regulatory approvals and other funding conditions, HPEC is expected to improve flow, increase velocity, reduce emissions, add jobs and enhance the efficiency of imported containers passing through the San Pedro Bay complex, which supports 42% of all U.S. imports.

MCAF is part of Macquarie Group Limited (“Macquarie”), a global provider of banking, financial, advisory, investment and funds management services. Macquarie operates in more than 28 countries and employs more than 14,000 people. MCAF engages Macquarie’s balance sheet to provide tailored finance and asset management solutions.

The Simpson Thacher team included Brian Chisling (Picture), Jonathan Stradling and Todd Noelle (M&A); Drew Purcell and Nicole Humphrey (Tax); Michael Torkin (Restructuring and Bankruptcy); and Tristan Brown and Eric Wolf (Executive Compensation and Employee Benefits).

Involved fees earner: Brian Chisling – Simpson Thacher & Bartlett; Jonathan Stradling – Simpson Thacher & Bartlett; Todd Noelle – Simpson Thacher & Bartlett; Michael Torkin – Simpson Thacher & Bartlett; Tristan Brown – Simpson Thacher & Bartlett; Eric Wolf – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Nicole Humphrey – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Macquarie Group;

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Author: Ambrogio Visconti