Corrs Chambers Westgarth advised Canadian pension fund OMERS Infrastructure Management on its acquisition of Stilmark Holdings.
Omers Infrastructure has entered into an agreement to acquire Australian towerco Stilmark, a little over a month since confirming it will acquire TPG’s tower assets for A$950 million.
Once closed, the transaction will add to OMERS’ growing portfolio of assets across Asia-Pacific and bolster OMERS’ position as Australia’s third-largest telecommunication tower owner.
The closing of the transaction is expected in Q3 2022, subject to regulatory approvals.
OMERS is one of Canada’s largest defined benefit pension funds for municipal employees in the Province of Ontario, Canada with net assets of C$109 billion.
Stilmark is an independent telecommunications towers developer and investor.
Corrs advised OMERS on all aspects of the acquisition, led by partners James North (Picture), James Morley and Robert Clarke, supported by partners Paul Burns, Jodi Gray, Michael Leong, Rhys Lloyd-Morgan, Simon Reid and other experts from across the Corporate, Financial Sponsors, Employment, TMT, Property, Environment, Banking and Finance, and Competition teams.
Involved fees earner: Paul Burns – Corrs Chambers Westgarth; Robert Clarke – Corrs Chambers Westgarth; Jodi Gray – Corrs Chambers Westgarth; Michael Leong – Corrs Chambers Westgarth; Rhys Lloyd-Morgan – Corrs Chambers Westgarth; James Morley – Corrs Chambers Westgarth; James North – Corrs Chambers Westgarth; Simon Reid – Corrs Chambers Westgarth;
Law Firms: Corrs Chambers Westgarth;
Clients: OMERS Infrastructure;