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February 13, 2016 12:37 PM ET

Capital Markets

Company Overview of Palisade Investment Partners Limited

Company Overview

Palisade Investment Partners Limited is a principal investment firm specializing in investments in mid market infrastructure assets. The firm seeks to invest in aerospace and defense; justice, public order, and safety; solid waste collection, airports, renewable power generation, transmission, timberland, social infrastructure, agri-infrastructure and, alternative waste treatment, treatment and disposal services; air port services and marine ports and services; and alternative energy sources. It primarily invests in Australia and New Zealand and globally otherwise. Palisade Investment Partners Limited is based in Sydney, Australia.

Level 35

60 Margaret Street

Sydney, NSW 2000

Australia

Phone:

61 2 8970 7800

Key Executives for Palisade Investment Partners Limited

Managing Director and Chief Executive Officer
Executive Director, Chairman of Palisade Advisory Board, Chairman Palisade Investment Committee
Financial Controller
Investment Director
Head of Investment Operations
Compensation as of Fiscal Year 2015.

Palisade Investment Partners Limited Key Developments

Five Ways For Origin's Infrastructure Asset Sales

Origin Energy Limited (ASX:ORG) will sell five energy infrastructure and wind generation assets as part of its $800 million asset divestment program, with the auction scheduled to get underway in March, 2016. In recent meetings with potential buyers, Origin Energy has revealed plans to offload its Darling Downs and Port Campbell to Mortlake gas pipelines, the Mortlake Terminal Station and the Cullerin Range and Stockyard Hill wind farms. According to a presentation given to the buyers – and obtained by Street Talk - Origin Energy will write power purchase agreements, gas transmission agreements and tolling agreements for each of the five assets. It means the auction will line up existing pipeline and wind farm owners against low cost of capital superannuation investors and infrastructure funds. Strategic buyers including APA Group (ASX:APA) and Australian Gas Networks Limited are expected to take a close look at the pipelines, along with QIC Limited and underbidders in the Iona auction including Retail Employees Superannuation Trust. Colonial First State Investments Limited and the likes of AMP Capital Investors Limited and Palisade Investment Partners Limited are also expected to run the numbers. Infratil Limited (NZSE:IFT) and Infrastructure Capital Group Ltd will take a look at Origin Energy's windfarms. Cullerin Range, located in NSW's Southern Highlands, is a 30megawatt farm, while Stockyard Hill is a development project in Victoria, which will cost about $1 billion to build. The biggest question will be whether Origin and its adviser, Bank of America Merrill Lynch International Limited, can catch a mystery offshore or Chinese acquirer as has been in case in recent infrastructure auctions including Pacific Hydro and Port of Darwin. Bidders left Origin's briefings expecting the auction to begin with confidentiality agreements and an information memorandum in March and wrap up before the end of the financial year of 2015. Expectations are the assets should fetch more than AUD 800 million. UBS Group AG (SWX:UBSG) is running the gas asset sales in a separate process.

Utah Point Bulk Handling Facility Up For Sale

Investor seeks acquisition of Utah Point Bulk Handling facility from Pilbara Ports Authority. It's understood government officials and representatives from Rothschild Inc. and Deloitte Touche Tohmatsu will run market soundings in coming weeks, pitching the Pilbara iron ore terminal to a range of potential buyers. Utah Point is expected to be up for sale early in the new year. Parties including Port of Brisbane Corp., Flinders Ports Pty Ltd and Deutsche Wealth & Asset Management, are expected to at least consider Utah, along with the likes of AMP Capital Investors Limited, Infrastructure Capital Group Ltd, Palisade Investment Partners Limited and IFM Investors Pty Ltd. It's expected to be sold via a long-term lease.

AGL Reviews Macarthur Bids

AGL Energy Limited (ASX:AGL) and its financial adviser Macquarie Capital were sifting through first-round offers for the utility giant's $500 million stake in Macarthur windfarm, after receiving indicative bids from at least five parties. It's understood Infrastructure Capital Group Ltd, AMP Capital Investors Limited and Palisade Investment Partners Limited were among the parties to lob first round offers, along with at least one Chinese bidder believed to be China Huaneng Group. Fellow infrastructure manager QIC Ltd was also believed to have shown interest. AGL and adviser Macquarie are expected to report back to bidders within a week, before opening the full data room and preparing parties for management presentations. Bidders are expected to take the time to consider funding options and assess whether the Macquarie-sponsored staple finance package is the best deal available in the market.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 13, 2015
North Queensland Gas Pipeline
Merger/Acquisition
March 23, 2015
Clare Valley Wind Farm
 

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