JWS advises MM Capital Partners on acquisition of interests in Australian PPP projects

News Written by Johnson Winter Slattery

Leading independent law firm Johnson Winter Slattery (JWS) has advised MM Capital Partners on the successful acquisition by its latest fund, MM Capital Infrastructure Fund II, L.P., of 50 per cent interests in three Australian public-private partnerships (PPP) projects – Perth Stadium, Western Australia Schools and ACT Law Courts.

This is the new fund’s first investment into Australia. The acquisition of interests in these social infrastructure PPPs underscores MM Capital Partners’ continued investment focus on OECD countries, including Australia. MM Capital Partners currently has funds under management of more than A$660 million.

The JWS team advised on all tax aspects of the transaction and comprised lead Partner Matthew Shanahan and Senior Associate Jess Tsai. Partner Kathryn Bertram provided stamp duty specialist tax advice.

Commenting at the time of completion, Matthew Shanahan said, “Congratulations to MM Capital Partners on the successful acquisition. Our team here at JWS enjoyed working with MM Capital Partners again and it was great to be involved in yet another successful transaction involving iconic Australian assets. The sale was part of a competitive bid process, and we understand that there were many other parties interested in these assets. This is an excellent result for MM Capital Partners and Marubeni.”

About Johnson Winter Slattery

JWS is a leading independent Australian law firm of more than 400 people, including more than 85 partners, across six offices nationally. Our firm is engaged by major corporates and investment funds on their most challenging transactions and disputes.

About the JWS Tax team

JWS has one of Australia’s most well regarded tax practices. With the addition of Matthew Shanahan and Jess Tsai to the team in 2022, the M&A and infrastructure capabilities of the team have only strengthened. Matthew and Jess are specialists in infrastructure and PPP transactions, regularly advising both local and foreign clients. Our tax practitioners have advised on most of the large Trans-Tasman PPPs in the last 20 years.

Media contacts

Angela Welsh
Marketing & Communications Manager
T: +61 2 9392 7454 | M: +61 414 281 902
E: angela.welsh@jws.com.au

Maureen Grose
Marketing & Business Development Director
T: +61 2 8247 9697 | M: +61 447 004 445
E: maureen.grose@jws.com.au 

Important Disclaimer: The material contained in this article is comment of a general nature only and is not and nor is it intended to be advice on any specific professional matter. In that the effectiveness or accuracy of any professional advice depends upon the particular circumstances of each case, neither the firm nor any individual author accepts any responsibility whatsoever for any acts or omissions resulting from reliance upon the content of any articles. Before acting on the basis of any material contained in this publication, we recommend that you consult your professional adviser. Liability limited by a scheme approved under Professional Standards Legislation (Australia-wide except in Tasmania).