Macquarie Asset Management (MAM), together with its managed funds and co-investors including UniSuper and Pontegadea, today completed their investment in Qube Holdings Limited (Qube) by way of Scheme of Arrangement, valuing Qube at approximately $A11.7 billion.
Qube is a leading ports and terminals business with an extensive asset footprint spanning terminals, ports, storage, rail and road facilities across Australia, New Zealand and Southeast Asia, providing end‑to‑end supply chain infrastructure for customers.
The investment is underpinned by long-term structural trends including demographics and rising demand for goods and services, as well as a growing focus on sovereign capability. It also reflects Qube's proven track record in supply chain infrastructure, security and resilience.
MAM and its co-investors will now work with Qube's world class team on the next phase of the company's growth strategy, with a continued focus on investing across Qube's network and pursuing new opportunities across the Asia Pacific region.
Ben Way, Head of Macquarie Asset Management, said: "Our investment in Qube highlights MAM's ability to execute complex transactions and source compelling investment opportunities that create long-term value for our clients and partners. MAM has a long track record of identifying key thematics early, a capability reflected in the broad group of investors that have chosen to partner with us on this transaction."
Ani Satchcroft, Co-Head of Infrastructure for Asia Pacific at MAM, said: "Qube is well positioned to benefit from an increasing focus on supply chain capability at a time of demographic and GDP growth and increasing activities in the energy sector.
"Our investment in Qube demonstrates our conviction in the role of private capital in supporting logistics infrastructure, security and resilience opportunities across the APAC region.
"We look forward to working alongside Qube's world class team, leveraging our extensive experience in the sector to support the business through its next phase of growth."
Paul Digney, Managing Director at Qube, said: "Today marks an exciting new chapter in the growth and evolution of Qube and it underscores the strength of the business, the strong position we have established and the quality of our assets, people and safety culture.
"My team and I look forward to working with MAM and its co-investors on the next phase of growth and diversification for Qube, while continuing our strong track record of enhancing supply chains and delivering innovative solutions and outstanding service to our customers."
John Pearce, Chief Investment Officer at UniSuper, said: "Providing access to high quality unlisted assets is a major competitive edge for UniSuper so we are delighted to continue as a significant shareholder in Qube, Australia's leading ports, terminals and supply chain infrastructure business."
Patricia Alonso, Chief Investment Officer at Pontegadea, said: "We are very pleased to expand Pontegadea's global investment portfolio into Australia. This transaction represents a further step for Pontegadea's global strategy of investment diversification specifically targeting high quality assets such as Qube, and strengthens our commitment to invest in innovative infrastructure supported by strong partners such as Macquarie Asset Management, with a proven management track record and with whom we share the same long-term view on investments. We look forward to contributing our extensive expertise to support the continued growth and long-term success of Qube."
