Herbert Smith Freehills Kramer advises UniSuper on tax aspects of its acquisition of Qube

Herbert Smith Freehills Kramer (HSF Kramer) is pleased to have provided tax advice to superannuation fund UniSuper in relation to its participation in the A$11.7 billion acquisition of all the shares in Qube Holdings Limited (Qube) as part of a consortium led by Macquarie Asset Management.

UniSuper is an existing shareholder in ASX-listed Qube, which is Australia’s largest provider of ports and terminal infrastructure assets.

The super fund and its co-investors will support Qube’s management team to drive further growth and resilience in the business, with a focus on investing across Qube’s 200 sites in Australia, New Zealand, and South-East Asia, as well as new opportunities across the Asia Pacific region.

John Pearce, chief investment officer at UniSuper, said, “Investing in Qube is ultimately a bet on Australia so we are delighted to continue as a significant shareholder.”