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.”
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