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CIC Capital part of A$9.05 billion (US$6.75 billion) consortium for takeover of Asciano, one of the most complex transactions in Australia in recent times and largest deal in 2016

August 2016

Client(s) CIC Capital Corporation

Jones Day acted for CIC Capital Corporation on the A$9.05 billion (US$6.75 billion) takeover of rail and ports operator, Asciano, by a consortium including Brookfield, Qube Holdings, CPPIB, GIP, CIC Capital, GIC, Qatar Investment Authority, and bcIMC.

The acquisition followed competing proposals to acquire Asciano, when the two competing consortia combined with a joint proposal which was accepted. The transactions included one of Australia’s largest takeovers (implemented by a Scheme of Arrangement) and a series of asset sell downs (Deal of the year and M&A Deal of the year, 2017 Australasian Law Awards).

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