Blake Dawson scoops IPO for Alinta

Blake Dawson Waldron has advised on the A$900m (£380m) listing of energy infrastructure group Alinta Infrastructure Holdings (AIH), one of the country’s largest IPOs so far this year.

Joint head of M&A Marie McDonald and partner Roger Davies led the firm’s team advising power utility Alinta on the listing of AIH, a group of infrastructure assets that it purchased from Duke Energy in April 2004.

It is the third largest IPO on the Australian Stock Exchange so far this year, following the A$1bn (£420m) floats of Babcock & Brown Capital and Macquarie Capital Alliance Group.

Alinta is a longstanding client of Blake Dawson, having advised the group on its A$1.7bn (£720m) purchase of the utility infrastructure assets from Duke last year.

Mallesons Stephens Jacques, led by Sydney partner David Friedlander, acted for the sole underwriter UBS and the independent directors of AIH.